2. If the price elasticity of demand for tickets to a dance performance of the Alvin Ailey American Dance Theatre is -1.2 for any quantity of tickets sold, what would happen to the number of tickets sold if the price were lowered from $100 to $90, if the quantity demanded at $100 is 500 tickets? (HINT: Round your answer to the nearest whole number.) Compute the total revenues for each of the two prices. What is the (approximate) marginal revenue of the additional tickets sold at the lower price? If Alvin Ailey is deciding between the two ticket prices based on expected prots, which should they choose? Repeat this exercise for a price elasticity of demand of -0.25. Does the decision of Alvin Ailey change? Explain