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Government officials have hired your consulting firm to encourage more people to use the theater . In the initial meeting, you discussed several options for increasing demand. Three suggestions are listed
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Government officials have hired your consulting firm to encourage more people to use the theater . In the initial meeting, you discussed several options for increasing demand. Three suggestions are listed below. Based on your knowledge of the law of demand, what is your recommendation for each suggestion?

Suggestion 1: Reduce the price of the theater tickets.

a. Not recommend
b. Recommend

User Manikandan Sethuraju
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1 Answer

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Answer:

b. Recommend

Step-by-step explanation:

Since according to the law of demand, an increase in price will result in decrease of quantity demanded and vice versa, a reduction in the price of ticket will see the rise in the demand of the theater tickets.

User CAFxX
by
4.2k points
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