If the Detroit Pistons raise ticket prices and, ceteris paribus, see ticket revenues fall, we can conclude that

a. The supply of tickets is too high.

b. The demand for tickets is too low.

c. The demand for tickets is price inelastic.

d. The demand for tickets is price elastic.

For this question, I think "d" because what I am understanding is that rise price and revenue fall is elastic and decrease price and revenue increase is inelastic. Is this right?

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