Wednesday, December 14, 2016

Chapter 6: Elasticity of Demand

I found this really interesting article from Forbes by Patrick Rishe who talks about the Super Bowl in 2013 and how their ticket prices that year almost doubled compared to previous years. In this article he mentions the elasticity of demand and how most times ticket prices are fairly cheap to make sure that seats are filled with fans. This article really caught my eye cause I never compared elasticity of demand with ticket prices to sports games. If you want to read about it the link is below! 

I also found this really funny music video about the elasticity of demand and this is the link to that!

https://www.youtube.com/watch?v=gNN3l-v5Tnk

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