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Ripley Entertainment is the owner of multiple attractions, ranging from museums to mini golf, in the mountain town of Gatlinburg, Tennessee. In the off-season, the
Ripley Entertainment is the owner of multiple attractions, ranging from museums to mini golf, in the mountain town of Gatlinburg, Tennessee. In the off-season, the price of a Ripley's experience is $9 per ticket, and the quantity supplied is 2,000 per week. However, when some weeks are busier than others, the director of Ripley's can easily adjust the company's offerings. At a price of $12 per ticket, the quantity supplied rises to 3,500 weekly tickets. Using the midpoint formula, Ripley's supply during the off-season is _____, which is relatively _____. Question 3 options: 1.9; elastic 1.9; inelastic 2.3; elastic 2.3; inelastic
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