The Ventura Cine Club (VCC) is the only theater in the town of Ventura. Children tickets are 3 dollars and adult tickets are 5 dollars. VCC estimates that the price elasticity of demand for adult tickets is -1.5. What is the elasticity of demand for children tickets if prices are optimal? Please select the closest answer. (а) -1.75. (b) -2.00. (с) -2.25. (d) -2.50.

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The Ventura Cine Club (VCC) is the only theater in the town of Ventura. Children tickets are
3 dollars and adult tickets are 5 dollars. VCC estimates that the price elasticity of demand for
adult tickets is -1.5. What is the elasticity of demand for children tickets if prices are optimal?
Please select the closest answer.
(а) -1.75.
(b) -2.00.
(с) -2.25.
(а) -2.50.
Transcribed Image Text:The Ventura Cine Club (VCC) is the only theater in the town of Ventura. Children tickets are 3 dollars and adult tickets are 5 dollars. VCC estimates that the price elasticity of demand for adult tickets is -1.5. What is the elasticity of demand for children tickets if prices are optimal? Please select the closest answer. (а) -1.75. (b) -2.00. (с) -2.25. (а) -2.50.
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