If the University Chamber Music Society decides to raiseticket prices to provide

Question

If the University Chamber Music Society decides to raiseticket prices to provide more funds to finance concerts, theSociety is assuming that the demand for tickets is: A.parallel to the horizontal axis. B.shifting to the left. C.inelastic. D.elastic. If the University Chamber Music Society decides to raiseticket prices to provide more funds to finance concerts, theSociety is assuming that the demand for tickets is: A.parallel to the horizontal axis. B.shifting to the left. C.inelastic. D.elastic.

Explanation / Answer

Answer C. inelastic Explanation Price increase and total revenue increase --- inelasticconcept.

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