Answer to Question #47802 in Microeconomics for Yoyo
Assume that the Y would sell out every game even if ticket prices were higher and that the B never fill their stadium. Each team should raise prices if they want more revenue.
If Y would sell out every game even if ticket prices were higher, the demand for its tickets is inelastic, and if B never fill their stadium, the demand for their tickets is elastic. So, first team should raise prices to increase revenue, but second team should decrease its prices to increase revenue.
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