1.Suppose that a small market Major League Baseball team currently charges $15 for a ticket.At this price, they are able to sell 11,500 tickets to each game.If they raise ticket prices to $20, they would sell 10,000 tickets to each game.What is the arc price elasticity estimated from this change?If the demand curve is linear, what is the algebraic

expression for demand?

Please provide step solutions arriving at answer