Calculate elasticity of demand for the washington nationals


Assignment:

Using Excel, calculate the elasticity of demand for the Washington Nationals from 2008 to 2016. What is the elasticity coefficient?

Create a time-series graph that plots the elasticity coefficient (left axis) with the % change in average home ticket prices (right coefficient). Print off that graph and attach to this assignment.

You'll need to look at my documents for the average attendance and average ticket prices as well.

Year (Tickets)

Average Ticket Price 

 

2007

21.11

 

2008

25

 

2009

30.63

 

2010

30.63

 

2011

30.54

 

2012

30.54

 

2013

35.24

 

2014

35.24

 

2015

36.02

 

2016

36.59

 

 

 

 

 

 

 

 

 

 

 

 

Year (Attendance)

Average Home Attendance 

2006

26580

 

2007

24217

 

2008

29005

 

2009

22715

 

2010

22568

 

2011

24877

 

2012

30010

 

2013

32745

 

2014

31844

 

2015

32343

 

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Microeconomics: Calculate elasticity of demand for the washington nationals
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