Homecoming Ticket Sales

Using Economics in Homecoming Ticket Sales

There is a method to selling Homecoming tickets, and it heavily involves Economics.
The Homecoming ticket sales use a staggered price system, meaning those who buy early save more, and those who buy late pay more. In this case, Conant's Homecoming ticket costs $15 the first week, $20 the second week, and $30 at the door. One who buys their ticket the first week saves $5-15.
If one buys tickets early, they save money, but they also compromise on accounting sudden changes of plans that might occur. If suddenly their plans change and they cannot go to Homecoming, they cannot return their ticket. This shows opportunity cost.
Also, Conant can afford to double prices on their tickets because Homecoming is an event people want to go to. If Conant's Homecoming was consistently bad, no one would pay double the price for a ticket. But because Conant's Homecoming is consistently good, they can sell fewer tickets for high prices and still make money. This shows how surplus and shortages come into play. Conant has limited space, so they have to limit the number of ticket sales, which can cause a shortage. But by making the price higher, those selling Homecoming tickets naturally weed out those who didn't really want to go to Homecoming in the first place, and sell tickets to those who actually really want to go.