Question: I know Part (d) is the correct answer but I need a numerical clarification for it. I repeat, I need a detailed numerical clarification. Please

I know Part (d) is the correct answer but I need a numerical clarification for it. I repeat, I need a detailed numerical clarification.

Please help me out.

5. [1 point] A theatre is experiencing a decline in the number of tickets sold and thus a decline in revenues. The price of an entrance ticket is $20 and on average, 2.500 tickets are sold on a daily basis. Cunently, the price elasticity of demand is estimated to be 1.5 and each the rooms are currently operating at an average of T5 percent of capacity. Which of the following strategy will help to increase the theater's revenues and prots. a) a 10% increase in the price of a ticket. b) an advertisement as a marketing strategy c) A combination of both strategies a and b. d) a 10% decrease in the price of a ticket

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