Ticket prices to a Kanye West concert decrease from $60 to $40. As a result, ticket sales decrease from 40,000 to 60,000. The elasticity of demand for Kanye West tickets equals ________ and demand is ________. Question 8 options: A) 1,21; elastic B) 0.83; inelastic C) 0.40; inelastic D) 0.55; inelastic E) 1.8; elastic Consider the market for cigarettes. Suppose that the price is initially $15 per pack and the quantity demanded is 1,000 packs per month, then the price rises to $17 per pack and the quantity demanded falls to 900 packs per month. The ________ percent change in price led to a ________ percent change in the quantity demanded. Question 9 options: A) 13.3; 10.0 B) 12.5; 10.5 C) 8.0; 9.5 D) None of these answers is correct. E) 11.8; 11.1