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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: "I'm telling you, instead of charging $50 each, they could give the opera tickets away for free, and
Post by: Sublight2097 on Jun 20, 2015
"I'm telling you, instead of charging $50 each, they could give the opera tickets away for free, and I myself still wouldn't go—ever!" What can we say about this person's demand for opera tickets?
A) His price elasticity is infinite, which means his demand curve is upward sloping.
B) His price elasticity is exactly equal to 1, which means his demand curve is unit elastic.
C) His price elasticity is exactly equal to 50, which means his demand curve is very elastic.
D) He doesn't have a demand for opera tickets.


Title: Re: "I'm telling you, instead of charging $50 each, they could give the opera tickets away for free,
Post by: Dropx on Aug 18, 2015
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Title: Re: "I'm telling you, instead of charging $50 each, they could give the opera tickets away for free, and
Post by: Sublight2097 on Aug 31, 2015
My mind was going in all different directions trying to figure this one out. Thanks so much.


Title: Re: "I'm telling you, instead of charging $50 each, they could give the opera tickets away for free, and
Post by: Dropx on Aug 31, 2015
Thanks for updating the community. A lot posters don't realize how important feedback is!


Title: Re: "I'm telling you, instead of charging $50 each, they could give the opera tickets away ...
Post by: Andrew Crowder on Sep 10, 2020
Thank you


Title: Re: "I'm telling you, instead of charging $50 each, they could give the opera tickets away ...
Post by: Tommy Taylor1 on Feb 4, 2021
Thank u


Title: Re: "I'm telling you, instead of charging $50 each, they could give the opera tickets away ...
Post by: Mattison Horton on Feb 4, 2021
thank you


Title: Re: "I'm telling you, instead of charging $50 each, they could give the opera tickets away ...
Post by: Upama Ghosh on Mar 27, 2021
thank you