In the same football conference as the university in Problem 15.9 is another university where the demand for football tickets at each game is 80,000-12,000p. If the capacity of the stadium at that university is 50,000 seats, what is the revenue-maximizing price for this university to charge per ticket? 3.33 2.50 6.67 1.67 10 In Problem 15.9, the demand for tickets is given by D(p) = 200,000 – 10,000p, where p is the price of tickets. If the price of tickets is 4, then the price elasticity of demand for tickets is -0.50. -0.38. -0.75. -0.13. -0.25.


