The Sunny Softball league found that when it changed its ticket prices from $10 to $5,there was a more than proportional but not infinite increase in attendance.The price elasticity of demand is
A) perfectly inelastic.
B) inelastic.
C) elastic.
D) perfectly elastic.
E) unitary elastic.

Question

Quizplus · Accepted Answer

The fact that there was a "more than proportional" increase in attendance indicates that the demand for tickets is sensitive to price changes. The decrease in price from $10 to $5 led to a significant increase in demand, suggesting that the elasticity of demand is greater than 1, making it elastic.

The Sunny Softball League Found That When It Changed Its