If the Price Elasticity of Demand for Opera Tickets in Orlando

question 154

Multiple Choice

If the price elasticity of demand for opera tickets in Orlando is 1.00,then the demand for opera tickets in Orlando is

• A) unit elastic.
• B) elastic.
• C) perfectly inelastic.
• D) inelastic.
• E) perfectly elastic.

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Definitions:

Simple Random

A sampling method in which every member of a population has an equal chance of being selected for the sample.

Survey Questionnaires

A research instrument consisting of a series of questions designed to gather information from respondents for data collection purposes.

Quota Sampling

A non-random sampling technique where individuals are selected based on specific traits or characteristics to ensure representation of these traits in the sample.

Simple Random Sampling

A sampling method where each member of a population has an equal chance of being included in the sample, ensuring that the sample is representative of the population.