Suppose the absolute value of the price elasticity of demand for basketball game tickets on your campus is greater than 1. increasing ticket prices will increase the total revenue from ticket sales. true or false.

The correct answer is: false.

Explanation:

The absolute value of price elasticity greater than 1 implies that the demand for basketball game tickets relatively prices elastic.  

In other words, a change in price causes more than proportionate change in the quantity demanded.  

In this situation, if the price for tickets is increased, the quantity demanded will decrease by more than proportionate. This will cause total revenue to decline.  

So the given statement is false.  

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.