Question

lovers of opera persude the government to impose a price €50 per ticket at the countrys national opera house dose this policy get more fewer people attend ? what does the market outcome depend on?

Answer 1

The outcome depends on whether this is a price floor (that is, is this price higher than the original price) or price ceiling (that is, is this price lower than the original price).

If it is a price floor, that lesser people will attend as the price is now higher. If this is a price ceiling, more people will attend since this price is lower.

It also depends on the demand on the earlier price. Since the opera house has limited seats (which means fixed supply), lowering the price to 50 from original price will only result in deadweight loss as it will reduce producer surplus without enough gain in consumer surplus. If the price is increasing now from a lower value, it will reduce consumer surplus without enough increase in producer surplus.