Wednesday, September 24, 2008

Unit 1: Price Elasticity of Demand and football fans

The Guardian reports away fans are facing huge rises in the aveerage cost of an away trip

http://www.guardian.co.uk/football/2008/sep/24/1

a) Using the idea of Price Elasticity of Demand, evaluate the likely effect of this 21% rise in price for an away trip. You will lose marks if you mention Spurs are bottom of the league at the time of writing!

No comments: