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You are in charge of the local city-owned zoo. You need to increase the revenue generated by the zoo in order to meet expenses. The mayor advises you to increase the price of admissions. The zoo manager recommends reducing the price of admissions. You realize that
A.
the mayor thinks demand is elastic, and the zoo manager thinks demand is inelastic.
B.
both the mayor and the zoo manager think that demand is elastic.
C.
both the mayor and the zoo manager think that demand is inelastic.
D.
the mayor thinks demand is inelastic, and the zoo manager thinks demand is elastic.