Baseball Ticket Prices (04/14)
"Baseball fans love to blame players' multi-million dollar salaries for rising ticket prices. They're wrong."
Discuss how a condition of scarcity or limited supply of seats may drive up baseball ticket prices. If baseball ticket price is inelastic in relation to its relative price changes then would total revenue of Oakland Athletics increase if the number of available seats are reduced futher at McAfee Statium (Seating)?
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