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    Survey of Economics Study Set 1
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    Exam 5: Price Elasticity of Demand
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    Exhibit 5-7  Demand Curve for Concert Tickets in Exhibit 5-7
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Exhibit 5-7  Demand Curve for Concert Tickets in Exhibit 5-7

Question 57

Question 57

Multiple Choice

Exhibit 5-7  Demand curve for concert tickets Exhibit 5-7  Demand curve for concert tickets   In Exhibit 5-7, If promoters charge a price of $10 per ticket, then their total revenue is: A)  $240,000. B)  $300,000. C)  $333,333. D)  $800,000. In Exhibit 5-7, If promoters charge a price of $10 per ticket, then their total revenue is:


A) $240,000.
B) $300,000.
C) $333,333.
D) $800,000.

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