How would have placing a ceiling on the price of Pearl Jam concert tickets affected demand and supply?

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vasalivamau vasalivamau

19-07-2017
Social Studies

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How would have placing a ceiling on the price of Pearl Jam concert tickets affected demand and supply?

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andriansp andriansp · Answer 1 · 2017-07-25T10:52:30+02:00

IF the organizer impose a ceiling on the price of the ticket, the Demand will definitely increase.By placing the celing, the organizer prevent the ticket's price from going too high. The low cost of the ticket will attract potential audiences to buy more tickets for the show