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

question 20

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 $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:

Tariffs

Taxes imposed by a government on goods and services imported from other countries.

U.S. Goods

Products and commodities that are manufactured or produced within the United States.

Japanese Producers

Manufacturers or companies based in Japan, known for their high-quality products, especially in technology and automobiles.

Textile Workers

Individuals involved in the production of fabric, either by weaving, knitting, or other means of fabrication.