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2 October, 05:38

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

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  1. 2 October, 08:44
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    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
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