A baseball team plays in a stadium that holds 66000 spectators. With the ticket price at $9 the average attendance has been 29000. When the
price dropped to $7, the average attendance rose to 33000.
a) Find the demand function p(x), where x is the number of the spectators. (Assume that p(x) is linear.)
p(x) =
b) How should ticket prices be set to maximize revenue?
The revenue is maximized by charging $
per ticket.