The Demand for Tickets Is Given by D(p)= 200,000 -

question 12

Multiple Choice

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 $8, then the price elasticity of demand for tickets is

• A)-0.33.
• B)-1.33.
• C)-1.
• D)-2.
• E)-0.67.

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