Management at the East Alabama Motor Speedway estimates that the "Friday Night Fanatics" would continue to enthusiastically pack the house (every ticket would be sold) even after a 35% increase in the price of admission.Apparently the E.A.M.S is operating in the ______ portion of their ______ curve.
A) inelastic,supply.
B) elastic,supply.
C) inelastic,demand.
D) elastic,demand.
Correct Answer:
Verified
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