The Management of Local Cinema Has Estimated the Monthly Demand

The management of Local Cinema has estimated the monthly demand for tickets to be lnQ = 22,328 - 0.41 lnP + 0.5 lnM - 0.33 lnA + 100 lnP_vcr, where Q = quantity of tickets demanded, P = price per ticket, M = income, A = advertising outlay, and P_vcr = price of a VCR tape rental.It is known that P = $5.50, M = $9,000, A = $900, and P_vcr = $3.00.Determine the own-price elasticity of demand for movie tickets.

A) -0.29.
B) -0.32.
C) -0.39.
D) -0.41.