Assume that currently, atheater charges the same price for a ticket to Adults and to Seniors. An economist determines that the price elasticity of demand foradults is -0.4 and that the price elasticity of demand for Seniors is -3.

Based on thisinformation, you advice the theater owner to

Answer choice:

A. Increase the price of adult tickets to increase total revenue B. Leave the price of adult tickets unchanged because total revenue is already maximum C. Increase the price of both types of tickets to increase total revenue D. Leave the price of senior tickets unchanged because total revenue is already maximum E.Increase the price of senior tickets to increase total revenue F. None of these answers is correct G. Decrease the price of senior tickets to increase total revenue