Suppose the Athletic Department Wanted to Increase Revenues by Decreasing

question 18

Multiple Choice

Suppose the athletic department wanted to increase revenues by decreasing ticket prices to football games. This would make sense only if the price elasticity of demand for football games was (in absolute value)

• A) greater than 1.
• B) equal to 1.
• C) less than 1.
• D) perfectly inelastic.

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