The Phoenix Suns decide to increase their ticket prices for next season. We might expect revenue will rise due to the higher pri

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2 years ago

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The Phoenix Suns decide to increase their ticket prices for next season. We might expect revenue will rise due to the higher pri

ces revenues might fall, given that basketball is a luxury revenues will rise, given that Phoenix is a large city revenues will fall, given that the Suns operate a monopoly.

Business

1 answer:

vaieri [72.5K] · Answer 1 · 2023-02-14T16:15:59+03:00

We might expect revenue will rise given that Phoenix is a large city.

<h3>What is a revenue?</h3>

This refers to the income generated from normal business operations which are calculated by average sales price * the number of units sold

Because Phoenix Suns decide to increase their ticket prices for next season, then, we might expect revenue will rise given that Phoenix is a large city.

Therefore, the Option B is correct.