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ICE Princess25 [194]
3 years ago
15

The price elasticity of demand for tickets to local baseball games is estimated to be equal to 0.89. In order to boost ticket re

venues, an economist would advise:
a. increasing the price of game tickets because demand is inelastic.
b. not changing the price of game tickets because demand is unit elastic.
c. increasing the price of game tickets because demand is elastic.
d. decreasing the price of game tickets because demand is elastic.
Physics
1 answer:
katen-ka-za [31]3 years ago
5 0

Answer:

a. increasing the price of game tickets because demand is inelastic.

Explanation:

The price elasticity of demand is used in economics to show the elasticity of the quantity demand.Elasticity measure the change in the variable when another variable changes.Generally price elasticities are negative but we avoid the sign.Those good does not follows law of demand have positive sign.

So the answer of the given question is a.

a. increasing the price of game tickets because demand is inelastic.

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