If the demand for golf is unit price elastic and your local public golf course increases the greens fees for using the course, you would expect:
A) a decrease in total revenue received by the course.
B) an increase in total revenue received by the course.
C) a decrease in the amount of golf played on the course.
D) no change in the amount of golf played on the course.

Question

Quizplus · Accepted Answer

When demand is unit price elastic, an increase in price leads to a proportional decrease in quantity demanded, hence, there would be a decrease in the amount of golf played on the course.

If the Demand for Golf Is Unit Price Elastic and Your