Article Summary Tickets for the Los Angeles Production of the Musical 'Hamilton

question 257

Multiple Choice

Article Summary
Tickets for the Los Angeles production of the musical 'Hamilton' sold out quickly after going on sale in April. These tickets, sold through the box office at the Pantages Theater and through authorized seller Ticketmaster, were priced as low as $85 for mezzanine seats and $125 for orchestra seats. Once the tickets sold out, the only available seats for the musical which ran from August 11 through December 30, were through ticket resellers such as StubHub and SeatGeek, with tickets selling at an average price of $467 to $510. Ticket prices were the most expensive for August dates, with an average price of $624, and fell for dates in the following months, with December prices averaging $335.
Source: Nicholas Cheng, "Don't have a ticket to 'Hamilton' yet? It's going to cost you," Los Angeles Times, August 19, 2017.
-Refer to the Article Summary.How would the Pantages Theater know if it was operating on the elastic portion of the demand curve for 'Hamilton' tickets?

• A)If they increased ticket prices and the total revenue from ticket sales increased.
• B)If they increased ticket prices and the total revenue from ticket sales did not change.
• C)If they increased ticket prices and the total revenue from ticket sales decreased.
• D)If they decreased ticket prices and the total revenue from ticket sales did not change.

Understand the concept of phylogenetic trees and their significance in depicting evolutionary relationships among organisms.

Identify and describe the characteristics of major groups of microorganisms, including bacteria, archaea, and eukaryotes.

Explain the evolutionary significance of lateral gene transfer and its role in microbial evolution.

Identify the structural and functional adaptations that enable organisms to survive in extreme environments.

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