If increasing the admission charge for national parks increases the National Park Service's total revenue, then the demand for national park visits is:
A) inelastic.
B) elastic.
C) perfectly elastic.
D) unit elastic.

Question

Quizplus · Accepted Answer

When demand is inelastic, it means that the quantity demanded changes by a smaller percentage than the change in price, leading to an increase in total revenue when prices are raised.

If Increasing the Admission Charge for National Parks Increases the National