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

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14-06-2022
Business

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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 prices 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.

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Tundexi Tundexi · Answer 1 · 2022-06-15T18:13:35+02:00

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

What is a revenue?

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.