EBK SURVEY OF ECONOMICS
EBK SURVEY OF ECONOMICS
10th Edition
ISBN: 9781337672207
Author: Tucker
Publisher: CENGAGE CO
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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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