An average ticket price to a single NY Jets game is reduced from $65.00 to $55.00 and the number of units sold increases dramatically. The demand is considered _____.
A) unitary
B) inelastic
C) appealing
D) elastic
E) both a and d

Question

Quizplus · Accepted Answer

The decrease in price led to a significant increase in the number of units sold, indicating that the demand is sensitive to changes in price and therefore, elastic.

An Average Ticket Price to a Single NY Jets Game