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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
If the college athletic department raises the price of football tickets from $6 to $8 and sells more tickets at $8 than it had sold the year before at $6, we could reasonably conclude the demand for football tickets
A) was completely inelastic.
B) had increased.
C) was elastic.
D) was inelastic.
E) was unit elastic.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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Posts: 5641
8 years ago
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Sublight2097 Author
wrote...
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
wrote...
8 years ago
It was nothing, thanks for updating us.
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