Multiple Choice
The price elasticity of demand for tickets to local hockey matches is estimated to be equal to 0.89. What would an economist advise in order to boost ticket revenues?
A) increasing the price of hockey match tickets, because demand is inelastic
B) decreasing the price of hockey match tickets, because demand is elastic
C) not changing the price of hockey match tickets, because demand is unit elastic
D) increasing the price of hockey match tickets, because demand is elastic
Correct Answer:
Verified
Correct Answer:
Verified
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