Final answer:
Students may or may not need to buy tickets for athletic events depending on their school's policies. Professional events, where inelastic demand can lead to higher prices, contrast with educational settings. Factors influencing ticketing economics include entertainment budget allocation and public health concerns.
Step-by-step explanation:
Whether students need to buy tickets for all athletic events depends on the policies of the individual educational institution. Some colleges and universities offer free admission to students for their own school's sporting events as a way to encourage school spirit and attendance. Others may charge for high-demand events, such as rivalry games or playoffs, to help cover the costs of running the athletic programs and facilities. Similarly, in the context of professional concerts or events, ticket pricing strategies may vary. High-demand performances may lead to inelastic ticket demand, allowing organizers to raise prices without significantly affecting sales.
When it comes to the economics of sports and entertainment, decisions like charging for tickets or canceling seasons have impacts on revenue and public health considerations. The allocation of entertainment budgets within a city can also be affected by the presence of professional sports events.