The price for tickets of a sold-out event increase by 30% but quantity sold remains unchanged.The price elasticity of demand equals
A)0.
B)1.
C)infinity.
D)Cannot be determined.

Question

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The Answer of The price for tickets of a sold-out event increase by 30% but quantity sold remains unchanged.The price elasticity of demand equals
A)0.
B)1.
C)infinity.
D)Cannot be determined.

The Price for Tickets of a Sold-Out Event Increase by 30