The solution is to increase ticket prises

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Reference no: EM131107416

Suppose you are a member of a local soccer club. The goal of your soccer is to increase the amount of revenue earned from ticket sales in the local competition. Two executives of the soccer club, Evadney and Felix suggest that the solution is to increase ticket prises. Are Evadney and Felix correct?

(A) They are correct if the demand for tickets is price elastic

(B) They are correct if the demand for tickets is unitary elastic

(D) They are incorrect if the demand for tickets is price inelastic

Reference no: EM131107416

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