In Problem 9, the Demand for Tickets Is Given by D(p)

question 13

Multiple Choice

In Problem 9, the demand for tickets is given by D(p) = 200,000 - 10,000p, where p is the price of tickets. If the price of tickets is $15, then the price elasticity of demand for tickets is

• A) -6.
• B) -9.
• C) -4.50.
• D) -1.50.
• E) -3.

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Definitions:

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