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Business, 22.12.2020 23:20 royal6032

. Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and $600 when the price is set at $20 per basketball. Without using the midpoint formula, identify whether demand is elastic, inelastic, or unit-elastic over this price range. 2. Suppose that Danny used to buy 2 movie tickets per month, when his monthly income was $2,000. He buys 4 movie ticket now that his income increased to 3,000 per month. Based on the information given to you, what is the income elasticity of demand for movie ticket for Danny

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