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05-16-2013, 11:18 AM
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Join Date: Aug 2007
Location: Edmonton, AB
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Originally Posted by nabob View Post

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.
So you a truly adjust your driving on a daily basis to account for swings in gas prices? Do you walk partway to work everyday and just adjust where you park based on whether gas went up or down 5%? Hard to believe. Do you also eat less now since food prices have gone up? Do you expect us to believe that?

Your theory assumes people are already at their max purchase price and that there is no elasticity in that price, which is a very poor (and incorrect) assumption to make.

TrevorK is offline