Chap004.5 - The Demand Curve for Movie Tickets 12...

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5 Chapter 4: Elasticity Slide 25 D B Total Expenditure = $1,600/day The Demand Curve for Movie Tickets 12 Quantity (100s of tickets/day) Price ($/ticket) 13 4 5 6 10 8 6 4 2 0 2 Chapter 4: Elasticity Slide 26 Elasticity and Total Expenditure ± Will increasing the market price always increase total revenue? Chapter 4: Elasticity Slide 27 D Total Expenditure = $1,600/day The Demand Curve for Movie Tickets 12 Quantity (100s of tickets/day) 4 5 6 10 8 6 4 2 0 2 Chapter 4: Elasticity Slide 28 D Total Expenditure = $1,000/day The Demand Curve for Movie Tickets 12 Quantity (100s of tickets/day) 4 5 6 10 8 6 4 2 0 2 Chapter 4: Elasticity
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