Answer:
Elastic which is more than 1.
Explanation:
Price elasticity of demand is the responsive relationship of quantity demanded when compared to price. It measures how much change there would be in demand if Price were to change.
The raise in prices yielded a fall in revenue because the demand for tickets was elastic. (More than 1)
An elastic demand means that a small change in price will cause a more than proportionate change in qty demanded and hence with an increase in price, far less people purchased the ticket.
An inelastic demand however would have caused less people to give up tickets and raised overall revenues.
Hope that helps.
D. They can cause employees to lose their jobs unfairly.
<span>This individual seeks a rational way to achieve personal gratification. In this Freudian principle it is generally thought that the ego is able to control the pleasure seeking part of the human component (known as the id). This control enables the human to live within reality in a rational way; to meet the needs and demands of the surrounding world.</span>
