question archive Tom Cruise is a seventeen-year-old high school student who works as an assistant manager at the local movie theater

Tom Cruise is a seventeen-year-old high school student who works as an assistant manager at the local movie theater

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Tom Cruise is a seventeen-year-old high school student who works as an assistant manager at the local movie theater. If an increase in the price of movie tickets results in an increase in total revenue at the theater, this is evidence that the demand for movie tickets is:

a. price elastic,

b. price inelastic,

c. unitary elastic,

d. perfectly inelastic,

e. perfectly elastic.

Option 1

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