Suppose that demand for football tickets to watch European     Champhionship Cup can be given by the function:                 q=1400-10p.     a) Compute the price elasticity of demand.     b) What is the price elasticity of demand when the price is $100?     c) Should the manager consider increasing the price to raise revenue? Why/Why not?

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 7SQP: Suppose a movie theater raises the price of popcorn 10 percent, but customers do not buy any less...
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Suppose that demand for football tickets to watch European     Champhionship Cup can be given by the function:                 q=1400-10p.     a) Compute the price elasticity of demand.     b) What is the price elasticity of demand when the price is $100?     c) Should the manager consider increasing the price to raise revenue? Why/Why not?    
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