question archive One year my season tickets cost $24 a ticket, and I got my renewal package and they had dropped the price to $14 [a ticket]

One year my season tickets cost $24 a ticket, and I got my renewal package and they had dropped the price to $14 [a ticket]

Subject:EconomicsPrice:2.89 Bought3

One year my season tickets cost $24 a ticket, and I got my renewal package and they had dropped the price to $14 [a ticket]..."

   -A lifelong Dallas Mavericks fan in The New York Times

 

This action by Mavericks ownership will             season ticket revenue if market demand is ___________.

a)Not change ; unit elastic

b)Decrease ; elastic

c) Increase ; inelastic

d) All of the other answer choices are correct

 

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