Ask Question
23 September, 13:36

You are on the manager of Bronx Zoo with the responsibility to decrease annual admission fares. You would recommend a decrease in the monthly fares only if you thought the demand curve for the Bronx Zoo visits was: a. Inelastic b. Elastic c. Unitary elastic d. Perfectly elastic

+3
Answers (1)
  1. 23 September, 14:05
    0
    B. Relative elastic

    Step-by-step explanation:

    For relative elastic demand,

    Change in the monthly fares will causes greater change in demand.

    That is, decrease in monthly fares will cause a greater increase in demand.

    Which is not true for A. Relative inelastic c. Unitary elastic d. Perfectly elastic
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You are on the manager of Bronx Zoo with the responsibility to decrease annual admission fares. You would recommend a decrease in the ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers