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2 the dema nd for attendance for a play at...

Question: 2 the dema nd for attendance for a play at...

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2. The dema nd for attendance for a play at the local performing Art Centre is P = 200 -0.04 QD, where P = Price and QD is the quantity of tickets demanded. a. At what Price and quantity does unit elasticity b. occur? What is the maximum revenue possible? c. If the seating capacity was only 2,000, what price would be charged and what is the maximum revenue? d. If the seating capacity was only 1,500, what price would be charged and what is the maximum revenue?

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