subject
Business, 14.03.2020 01:52 amatulli

Suppose the price of movie tickets changes. The price change leads to a 20 percent increase in the quantity demanded of movie tickets. This causes the total revenue from movie tickets to increase by 10 percent. Is the demand for movie tickets elastic, inelastic, or unit-elastic?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 12:40
Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
Answers: 2
question
Business, 23.06.2019 00:30
Suppose there is a 6 percent increase in the price of good x and a resulting 6 percent decrease in the quantity of x demanded. price elasticity of demand for x is a. 0 b. 6 c. 1 d. 36
Answers: 2
question
Business, 23.06.2019 00:40
Oliver queen buys 100 shares of stock in green arrow archery corporation, a publicly traded company with which he is not affiliated as a director, officer, or employee. he then sells his 100 shares to john diggle. the sec sues oliver because he didn't register the sale of stock to john. who wins? oliver, because the sale falls into the nonissuer exemption oliver, because the sale falls into the private placement exemption the sec, because the transaction is not exempt from registration the sec, because even exempt transactions must be registered with the sec
Answers: 3
question
Business, 23.06.2019 02:10
Which of the following best describes what production accomplishes? a. efficient use of natural resources. b. a reduction in the size of the labor force. c. an increase in supply that lowers prices. d. value added to resources that already exist.
Answers: 1
You know the right answer?
Suppose the price of movie tickets changes. The price change leads to a 20 percent increase in the q...
Questions