Effect of demand (continuation of 15-33), the director of the water park, Lori Lemaris, is upset with the allocation of the revenues for the three-day ticket. Because of her hard work, and Florida’s hot weather in June, July, and August, the water park is always sold out. She does not think it is equitable for her park to receive less than the full entrance ticket price. The president of Funland, Kent Clark agrees with Lori.

1. How would the allocations in requirements 1, 2, and 3 of problem 15-33 differ if the water park gets its full ticket price?

2. If the director of the superhero theme park raises the same argument, Funland could not handle the situation in the same way. Why?

3. In light of requirement 2, how would you suggest Kent handle the problem?