The Following Question Are Based on the Following Information Regarding

question 37

Multiple Choice

The following question are based on the following information regarding the gross monthly receipts of a miniature golf course in a resort community at the shore.

-Demand is clearly price elastic between

• A) $4.50 and $5.00.
• B) $4.00 and $4.50.
• C) $3.50 and $4.00.
• D) $3.00 and $3.50.
• E) There is not enough information to tell.

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