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A. The figure shows the demand for movie tickets. Is the demand for movie tickets elastic or inelastic over the price range $7 to $9

A. The figure shows the demand for movie tickets. Is the demand for movie tickets elastic or inelastic over the price range $7 to $9 a ticket?
B. If the price falls from $9 to $7 a ticket, explain how the total revenue from the sale of movie tickets will change.

C. Calculate the price elasticity of demand for movie tickets when the price is $8 a ticket.(Show calculations)

Chapter Checkpoint Study Plan Problem 3 Price (dollars per ticket) 11 10 9 8 7 D 0 100 200 300 Quantity (tickets per day)

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