If the Quantity of Tickets to the Fair Sold Decreases

question 270

Multiple Choice

If the quantity of tickets to the fair sold decreases by 10 percent when the price increases by 5 percent, the price elasticity of demand over this range of the demand curve is:

• A) price elastic.
• B) price inelastic.
• C) perfectly inelastic.
• D) unitary elastic.

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