The Demand for Tickets to a Rock Concert Is Given

question 48

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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