If the demand for golf is unit-price elastic and your local public golf course increases the greens fees for using the course,you expect:
A)a decrease in total revenue received by the course.
B)an increase in total revenue received by the course.
C)a decrease in the amount of golf played on the course.
D)no change in the amount of golf played on the course.

Question

Quizplus · Accepted Answer

When demand is unit-price elastic, a change in price does not affect total revenue, but it does affect the quantity demanded. An increase in price will lead to a proportional decrease in the quantity demanded, resulting in less golf being played.

If the Demand for Golf Is Unit-Price Elastic and Your