If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, - 6108

Solution Detail
Price: $1.00
  • From: ,
  • Posted on: Tue 03 Apr, 2012
  • Request id: None
  • Purchased: 2 time(s)
  • Average Rating: No rating
Request Description

6) If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about:

 

A.

0.0

 

B.

0.4

 

C.

0.6

 

D.

2.5

Solution Description

The ans