Question: Long Lake Golf Course has raised greens fees for a nine-hole game due to an increase in demand. Which one of the following is correct?

Long Lake Golf Course has raised greens fees for a nine-hole game due to an increase in demand.

rate rate Regular weekday $10 $11 Previous New Average games played at

Which one of the following is correct?

a. The regular weekday and weekend demand is inelastic.

b. The regular weekday and weekend demand is elastic.

c. The senior citizen demand is elastic, and weekend demand is inelastic.

d. The regular weekday demand is inelastic, and weekend demand is elastic.

rate rate Regular weekday $10 $11 Previous New Average games played at previous rate 80 50 Average games played at new rate 70 Senior citizen 6 8 150 82 Weekend 15 20 221 223

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