Economics; Principles of supply and demand

Introduction At the 2003 Rugby World Cup held in Australia, rugby officials set ticket prices for all matches in advance. However, when the tickets went on sale some seats were sold out while others remained unsold. This assignment will aim to firstly, prove that the reason for some matches selling out and others not, was due to the price and number of seats available in each category. Secondly, show the effects the popularity of a match …

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