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Sublight2097 Sublight2097
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Posts: 4132
8 years ago
"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.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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8 years ago
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Sublight2097 Author
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8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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3 years ago
Thank you
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3 years ago
Thank u
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3 years ago
thank you
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3 years ago
thank you
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