4- Suppose an increase in symphony tickets prices reduces the total revenue. Thi

Question

4- Suppose an increase in symphony tickets prices reduces the total revenue. This is evidence that demand is: Question 4 options:
a- price elastic.
b- price inelastic.
c- unitary elastic.
d- perfectly elastic. 4- Suppose an increase in symphony tickets prices reduces the total revenue. This is evidence that demand is: 4- Suppose an increase in symphony tickets prices reduces the total revenue. This is evidence that demand is:
a- price elastic.
b- price inelastic.
c- unitary elastic.
d- perfectly elastic. a- price elastic. b- price inelastic. c- unitary elastic. d- perfectly elastic.
a- price elastic.
b- price inelastic.
c- unitary elastic.
d- perfectly elastic.

Explanation / Answer

b- price inelastic

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