Honestly, I view it the other way around. If they left concessions at their current prices but lowered ticket prices at all sportvs venues, not just UConn, they'd get more folks in the stadium.
My buddy and I were just talking about this last night. He said he got an email from the Yankees advertising seats at a "great price" still available for a Tuesday night game. He clicked on the link to check it out. Seats were outfield seats and they were $50, before fees. When the heck did that become cheap???
I'd gladly pay prices for food at a higher rate and paying a lot less for tickets. I do it at Yard Goat games. I don't mind paying 8-12 bucks a ticket and then buying beer or food for the family at a higher price. It sounds silly but I'm more likely to go to a game if the price is cheap for tickets.