what is the economic theory behind reducing the size of the stadium? group of answer choices the percentage decrease in the number of seats will be larger than the percentage increase in price so that total revenue and profits will increase. none of the answers are correct. the demand for seats is elastic so that a decrease in quantity will allow stanford to increase price and increase total revenues and profits making the stadium smaller will make demand for seats inelastic allowing standford to increase revenue from ticket sales. stanford is predicting the percentage decrease in quantity of seats will be lower than the percentage increase in price so revenue and profits will increase.