It has been estimated that the price elasticity of demand for attending baseball games is 0.23. Other things held constant, a 10 percent increase in attendance can be explained by a:
A. 43.48 percent fall in the price of a ticket.
B. 43.48 percent rise in the price of a ticket.
C. 23 percent fall in the price of a ticket.
D. 23 percent rise in the price of a ticket.

Correct option: (A) 43.48% fall in the price of a ticket.

Step-by-step explanation:

The price elasticity of demand is defined as the percent change in quantity demanded to the percent change in the price.

Given:

Price elasticity of demand = 0.23

% change in quantity demanded = 10

Compute the % change in price as follows:

Thus, a 10 percent increase in attendance can be explained by a 43.48% fall in the price of a ticket.

square root of 36/6 = 2.449489743

square root of 16/6 = 1.632993162

square root of 6 = 2.449489743

the answer is square root of 16/6 because the square root of 36/6 is the same answer as square root of 6 = 2.449489743

the function makes a strait line horizontally with no x intercept but a y intercept at 9.