Multiple Choice
Suppose that the Houston Rockets' management is considering a plan in which fans who donate blood can attend games for $35 instead of the usual $40. If both ticket revenues and blood donations rise with this plan, which of the following is true?
A) The demand for Houston Rockets' tickets is price elastic.
B) The demand for Houston Rockets' tickets is price inelastic.
C) The demand for blood donations is price elastic.
D) The demand for blood donations is price inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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