Multiple Choice
Suppose the San Francisco 49ers lower ticket prices by 15 percent and as a result the quantity of tickets demanded increases by 10 percent.This set of results shows that San Francisco 49ers tickets have
A) an inelastic demand.
B) an elastic demand.
C) a unit elastic demand.
D) an inelastic supply.
E) an elastic supply.
Correct Answer:
Verified
Correct Answer:
Verified
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