demand elasticity in sports

Demand elasticity in sports refers to how sensitive fans are to changes in ticket prices or game availability. If a small price increase causes a significant drop in attendance, demand is considered elastic. Conversely, if attendance remains steady despite price changes, demand is inelastic. Factors influencing this include the popularity of the sport, team performance, and economic conditions. Understanding this helps teams set ticket prices and plan events effectively to maximize revenue without discouraging fans.