Seeing a fight is a form of entertainment, which boxers inside the ring gain millions of dollars. For example, the fight between Mosley and Pacquiao should have had a better outcome. Viewers were disappointed at the performance of these well-known boxers. As a result, viewers suspected the fight was just fixed for profit. The representatives knew that by fixing this fight would result in high profit because peoples’ demand was high and the prices of tickets were ridiculously high because they knew that people were willing to pay a high cost for this boxing match. The ticket prices for famous boxers such as Manny Pacquiao seem to be inelastic to his fans; therefore, the representatives take advantage of this fact to organize a fight that will produce millions of dollars. The income effect will come into play as the fans will start to save money and cut themselves from other trade-offs in order to be faithful to their idol Pacquiao. The organizers have already starting to plan a match between Pacquiao and Mayweather that is surely to generate more millions than this past match. However the question still remains if famous boxers keep organizing matches that will produce millions will the demand go down if the performances keep being unsatisfactory to the public like this past performance?
By Abby Garcia