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In exhibit 5-6, if promoters lower their ticket price from $30 to $20, then: a. ticket sales will increase but total revenue will decrease because demand is inelastic between $30 and $20. b. both ticket sales and total revenue will increase because demand is elastic between $30 and $20. c. both ticket sales and total revenue will increase because demand is inelastic between $30 and $20. d. ticket sales will decrease but total revenue will increase because demand is elastic between $30 and $20.

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Martebi

When promoters lower their ticket price from $30 to $20, then both ticket sales and total revenue will rise.

What is Increase in revenue?

Revenue growth is known to be an increase that was seen in revenue over a timeframe.

Note that in the above case, since there is price reduction, more people will want to get ticket and as such, more profit will be made.

Therefore, When promoters lower their ticket price from $30 to $20, then  both ticket sales and total revenue will rise.

Learn more about revenue from

https://brainly.com/question/25623677

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