The Demand for Tickets to a Rock Concert Is Given

question 18

Multiple Choice

The demand for tickets to a rock concert is given by D(p) = 200,000 - 10,000p, where p is the price of tickets. If the price of tickets is $17, then the price elasticity of demand for tickets is

• A) -2.83.
• B) -11.33.
• C) -17.
• D) -8.50.
• E) -5.67.

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Definitions:

Negative Feelings

Unpleasant or undesirable emotions such as sadness, anger, or fear.

Oppositional Culture

A subculture's rejection of the dominant cultural norms, often seen in the context of social and ethnic groups.

Minority Group

A category of people differentiated from the social majority, often by cultural, ethnic, or racial differences.

Oppositional Culture

A subculture's adoption of norms and values that strongly contrast with and oppose the dominant society's norms and values.