Multiple Choice
The price of stadium seats at a baseball game increases from $20 to $30 and ticket sales fall from 45,000 per game to 35,000 per game. If other things remained constant, then it appears that the price elasticity of demand is:
A) elastic.
B) inelastic.
C) unit elastic.
D) unit inelastic.
E) equal to zero.
Correct Answer:
Verified
Correct Answer:
Verified
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