If the Demand for Golf Is Unit Price Elastic and Your

question 229

Multiple Choice

If the demand for golf is unit price elastic and your local public golf course increases the greens fees for using the course, you would expect:

• A) a decrease in total revenue received by the course.
• B) an increase in total revenue received by the course.
• C) a decrease in the amount of golf played on the course.
• D) no change in the amount of golf played on the course.