You are in charge of the local city-owned aquatic center. You need to increase t

Question

You are in charge of the local city-owned aquatic center. You need to increase the revenue generated by the aquatic center in order to meet expenses. The mayor advises you to decrease the price of a day pass. The city manager recommends increasing the price of a day pass. You realize that The mayor thinks demand is elastic, and the city manager thinks demand is inelastic. Both the mayor and the city manager think that demand is elastic. Both the mayor and the city manager think that demand is inelastic. The mayor thinks demand is inelastic, and the city manager thinks demand is elastic.

Explanation / Answer

d. the mayor thinks demand is inelastic, and the city manager thinks demand is elastic.

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