Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Chapter 5, Problem 6SQ

If a decrease in the price of movie tickets increases the total revenue of movie theaters, this is evidence that demand is

  1. a. price elastic.
  2. b. price inelastic.
  3. c. unit elastic with respect to price.
  4. d. perfectly inelastic.
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How To Understand Elasticity (Economics); Author: Market Power;https://www.youtube.com/watch?v=1XXhpHJTglg;License: Standard Youtube License