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Author Question: Tickets to a Beyonce concert increase from $90 to $110. As a result, tickets sales fall from 100,000 ... (Read 203 times)

MGLQZ

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Tickets to a Beyonce concert increase from $90 to $110.  As a result, tickets sales fall from 100,000 to 80,000. Using the midpoint formula, the percentage change in _______which means that the elasticity of demand is ________.
◦ quantity demanded is greater than the percent change in price; elastic
◦ quantity supplied is greater than the percent change in price; elastic
◦ price is greater than the change in demand; inelastic
◦ price is greater than the change in supply; inelastic
◦ quantity demanded equals the percent change in price; unit elastic


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Marked as best answer by MGLQZ on May 24, 2019

xoxo123

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MGLQZ

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review


JCABRERA33

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Reply 3 on: Yesterday
:D TYSM

 

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