eco
posted by tania .
2. It has been estimated that the price elasticity of demand for attending baseball games is 0.23. Other things held constant, a 10 percent increase in attendance can be explained by a:
A. 43.48 percent fall in the price of a ticket.
B. 43.48 percent rise in the price of a ticket.
C. 23 percent fall in the price of a ticket.
D. 23 percent rise in the price of a ticket.

B.
Respond to this Question
Similar Questions

managerial econ
Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets. Could price elasticity be somewhat overestimated from these figures? 
Economics
The Own price elasticity of demand for good X is 2, its income elasticity is 3, its advertising elasticity is 4, and the crossprice elasticity of demand between it and good Y is 6. Determine how much the consumption of this good … 
ECON
. Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets? 
economics
Movie attendance dropped 8 percent as tick prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets? 
Economics
If Starbucks raises its price by 7 percent and McDonaldâ€™s experiences a 0.3 percent increase in demand for its coffee, what is the crossprice elasticity of demand? 
MANAGERIAL ECONOMICS
In attempt to increase revenue and profits, a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is 1.5 and the advertising elasticity of demand is +0.6 would … 
economics
Suppose average movie attendance is 250 million tickets when prices are $7 a ticket and 200 million when prices are $9 a ticket. Other things being equal, the data imply that the elasticity of demand for movie tickets is: A. elastic, … 
Statistics
Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found. The correlation coefficient is  0.933 Determine R2 and interpret this statistic. A) R2 = 93.3% which means … 
Benue State University Makurdi
In attempt to increase revenue and profits, a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is 1.5 and the advertising elasticity of demand is +0.6 would … 
Economics
1.calculate the price elasticity of demand when the price was increased from R25 to R40 ?