14-If a decrease in the price of movie tickets increases the total revenue of mo

Question

14-If a decrease in the price of movie tickets increases the total revenue of movie theaters, this is evidence that demand is: Question 14 options: a- price elastic. b- price inelastic. c- unit elastic with respect to price. d- perfectly inelastic. 14-If a decrease in the price of movie tickets increases the total revenue of movie theaters, this is evidence that demand is: 14-If a decrease in the price of movie tickets increases the total revenue of movie theaters, this is evidence that demand is: a- price elastic. b- price inelastic. c- unit elastic with respect to price. d- perfectly inelastic. price elastic. price inelastic. unit elastic with respect to price. perfectly inelastic. a- price elastic. b- price inelastic. c- unit elastic with respect to price. d- perfectly inelastic.

Explanation / Answer

a

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