Economics; Principles of supply and demand
Date Submitted: 12/28/2002 02:09:15
Category: / Business & Economy / Economics
Length: 6 pages (1624 words)
Category: / Business & Economy / Economics
Length: 6 pages (1624 words)
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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…Victoria: Nelson Australia Pty Limited.
McTaggart, D., Findlay, C., & Parkin.M. (1992). Economics, Sydney: Addison Wesley Longman Australia Pty Ltd.
Wardle, H.T., (1982). Introductory Economics, New York: Elmsford.
Australian Rugby. (2003). Rugby.com.au. Retrieved March 19, 2004, http://www.rugby2003.com.au/ticketing/prices.asp.
Household Income and Income Distribution, Australia. (2003). Retrieved March 20, 2004, from http://www.abs.gov.au/Ausstats/abs%40.nsf/e8ae5488b598839cca25682000131612/5f4bb49c975c64c9ca256d6b00827adb!OpenDocument.
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