A Broadway play company can only charge one price for tickets to a given performance of its play. The company manager notices that the company earns greater total revenue when they charge a higher ticket price and its theater is three-quarters full than when they charge a lower ticket price and the theater is completely full. It follows that demand for this play is
a. perfectly elastic
b. inelastic
c. unit elastic
d. elastic
Answer: b. inelastic
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