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05-15-2013, 02:05 PM
nabob's Avatar
Join Date: Aug 2005
Location: HF boards
Country: Canada
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Originally Posted by TrevorK View Post
That's an incorrect assumption. Do gas prices going up cause you to consume less gas or do you just buy the same as you always do? Supply and demand is much more complicated.
The ticket tax comes from the seat holders and does not necessarily affect Katzs bottom line one bit.

The ticket tax comes from the pot of money people are willing to spend on events.

If demand dictates that the price people are willing to pay for tickets is $100 each then Katz cannot get that $100 per ticket, he can only get $100 minus the ticket tax.

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