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whats the answer to both questions Some have argued that poor attendance at the Lancaster Barnstormers baseball games is related to high ticket prices. As

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Some have argued that poor attendance at the Lancaster Barnstormers baseball games is related to high ticket prices. As their summer economics intern, you have calculated that the elasticity of demand for Lancaster Barnstormers home game tickets is 0.79. As their summer economics intern, would you recommend that they lower ticket prices to their games if their goal is to increase total revenue? Choose the answer that best fits your recommendation. No, I would not recommend lowering ticket prices and would consider a ticket price increase instead. There may be some other variable affecting attendance besides price. Yes, I would recommend lowering ticket prices because demand is inelastic and lower ticket prices means more people will do to the game. Yes, I would recommend lowering ticket prices because demand is close to unitary elastic and therefore price has little affect on total revenues. Yes, I would recommend lowering ticket prices because demand is elastic which is directly related to higher total revenue. The elasticity of demand for pumpkin flavored beer is relatively elastic, so if a tax is levied on the consumers of pumpkin flavored beer, the tax's economic incidence (burden): is typically on producers more than consumers. is typically split equally between consumers and producers. is typically on consumers more than producers. cannot be determined without more information

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