Suppose the price of movie tickets changes. the price change leads to a 10 percent increase in the quantity demanded of movie tickets. this causes the total revenue from movie tickets to increase by 5 percent. is the demand for movie tickets elastic or inelastic

The answer is "Elastic".

Since the amount demanded of movie tickets raised, the cost of a motion picture ticket probably decreased by the law of demand. Besides demand must be Elastic over this cost run as aggregate income expanded, while cost diminished. Price and revenue demonstrate an inverse relationship.

2 weeks ago lol enoy your dunce cap

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;