The price of stadium seats at a baseball game increases from $20 to $30 and ticket sales fall from 45,000 per game to 35,000 per game. If other things remained constant, then it appears that the price elasticity of demand is:
A)elastic.
B)inelastic.
C)unit elastic.
D)unit inelastic.
E)equal to zero.

Question

The price of stadium seats at a baseball game increases from $20 to $30 and ticket sales fall from 45,000 per game to 35,000 per game. If other things remained constant, then it appears that the price elasticity of demand is:
A)​elastic.
B)​inelastic.
C)​unit elastic.
D)​unit inelastic.
E)​equal to zero.

Quizplus · Accepted Answer

The Answer of The price of stadium seats at a baseball game increases from $20 to $30 and ticket sales fall from 45,000 per game to 35,000 per game. If other things remained constant, then it appears that the price elasticity of demand is:
A)​elastic.
B)​inelastic.
C)​unit elastic.
D)​unit inelastic.
E)​equal to zero.

The Price of Stadium Seats at a Baseball Game Increases