The Price Elasticity of Demand for a Popular Sporting Event

question 367

Multiple Choice

The price elasticity of demand for a popular sporting event is 1.2. If the price of a ticket to this event increases by 10 percent, the quantity of tickets demanded will

• A)decrease by 8.3 percent.
• B)decrease by 12 percent.
• C)increase by 12 percent.
• D)increase by 8.3 percent.

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The use of words to criticize, insult, or denigrate another person.

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