Multiple Choice
Exhibit 5-6 Demand curve for concert tickets
-In Exhibit 5-6, if promoters lower their ticket price form $30 to $20, then:
A) they will receive less money from their ticket sales.
B) people will continue to buy the same number of tickets.
C) customers will spend less total money on concert tickets.
D) both ticket sales and total revenue will rise.
Correct Answer:
Verified
Correct Answer:
Verified
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