Please provide with explanation and details how did you come with answer.

Make it two years in a row that Penn State football is ranked No. 2. In tickets sold for home games, that is. Only Michigan, which has more seats in The Big House, did better. Penn State's problem? Getting maximum dollar for each and every single seat....Penn State wants mo' money from football ticket sales. According to the university's official annual reports filed with the NCAA, revenue from football sales for the 2010...season were $34.2 million with an average [per game]...attendance of 104,234. The sad truth is that...eight seasons later...Penn State's revenue from football ticket sales was $34 million, with an average per game attendance of 106,707." (The Centre County Gazette, January 30, 2020) From these numbers, we can compute (dividing total revenues by attendance) that the average price of a season ticket (that is, the right to attend all Penn State home games) was $328.11 in 2010 and $318.63 in 2017, a change of approximately -2.9%. In the same period, the change in the average game attendance was approximately +2.4%. Assuming that the demand curve for season tickets was the same in 2010 and 2017, and that the quantity of season tickets sold the is equal to the average game attendance, which of the following statements is correct? (a) If Penn State wants to maximize both total revenues and average game attendance, it should reduce ticket prices (below the 2017 level). (b) The (own-price) elasticity of demand for Penn State season tickets is approximately -.83. (c) The (own-price) elasticity of demand for Penn State season tickets is approximately -1.21. (d) The demand for Penn State season tickets is elastic. (e) Only (c) and (d) are correct.