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Author Question: If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the ... (Read 98 times)

lindiwe

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  • Posts: 577
on: Jun 29, 2018
If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the price to 80, the demand for season tickets between the two prices is
 
  A) elastic.
  B) inelastic.
  C) marginal.
  D) unit elastic.

Question 2

If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the price (for all purchasers) to 80, our best estimate of the marginal revenue from sale of the 550th season ticket is
 
  A) 100.
  B) 90.
  C) 80.
  D) -20.


jaykayy05

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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