Help with Economics Unit 2 Portfolio?
1. Why are sports teams considering switching to a variable-pricing strategy for tickets?
3. What do you know about Mr. Dunford’s demand for tickets to the Senators play Toronto?
1. For each article create a cause and effect graph or flow chart showing the cause(s) of the price change and the effect(s) of the changed price.
2. How will the change in prices affect demand for each product?
3. How will the change in prices affect the producers of each product?
4. For each product, has market equilibrium been reached? Why or why not?

Question

28-02-2017
Business

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Help with Economics Unit 2 Portfolio?
1. Why are sports teams considering switching to a variable-pricing strategy for tickets?
3. What do you know about Mr. Dunford’s demand for tickets to the Senators play Toronto?
1. For each article create a cause and effect graph or flow chart showing the cause(s) of the price change and the effect(s) of the changed price.
2. How will the change in prices affect demand for each product?
3. How will the change in prices affect the producers of each product?
4. For each product, has market equilibrium been reached? Why or why not?

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taskmasters taskmasters · Answer 1 · 2017-03-12T02:08:31+01:00

1. Why are sports teams considering switching to a variable-pricing strategy for tickets?

Answer: The sports teams consider switching to variable pricing strategy since this strategy was proven to be effective by the application of other industries

2. How will the change in prices affect demand for each product?

Answer: The change in prices is indirectly proportional to the demand for each product. Since the decrease in price increases the demand for the product.