The Colorado Republican Party on Wednesday made cheaper tickets available to next week’s fundraising dinner featuring Vice President Mike Pence, citing demand from party activists for a more affordable option.

While tickets to the event top out at $10,000 – including a VIP reception before and photo with Pence – the least expensive tickets now cost $150 apiece, down from $275, the party said. Couples can get two of the thriftier tickets for $275. Both levels include dinner, but only the ones sold at the original price come with reserved seating, party officials said.

The fundraiser is set for Oct. 26 at the Denver Marriott Tech Center in Greenwood Village.

“Due to popular demand, we have made more tickets available at a new lower price,” state GOP Chairman Jeff Hays said in an email Wednesday.

The announcement prompted ribbing on social media about the laws of supply and demand – generally, higher demand leads to higher prices, not steep discounts – but the party’s executive director, Shana Banberger, said grassroots Republicans have been clamoring for more economical tickets.

She issued a press release Wednesday afternoon refuting reports that said the party was having trouble selling tickets.

“It is unfortunate that incorrect information was released on the upcoming event with our Vice President. Despite inaccurate reporting, we will exceed our expected attendance of 400 supporters,” she wrote in the release.

Banberger declined to say Wednesday afternoon how many tickets had been sold but said they were selling briskly since the cheaper seats had been announced.

“There’s been so much heightened interest – we’ve had a lot of excitement from our grassroots activists,” she told Colorado Politics. “We believe they deserve the same opportunity to hear from our vice president.”

“Since I’ve been in Colorado politics, it’s going to be the first time we’ve had a sitting vice president do an event for the party, so we’re very excited,” she said, adding that the dinner promises to be the biggest fundraising event of the year for the party.