If the ratio of patrons to advertising dollars is 8.65:1, how much should the arena spend if it wants 15,000 attendees at the basketball game? (Round to the nearest dollar.)

Most economists report the elasticity of demand asa. the absolute value of the actual number. b. a negative number, since price and quantity demanded move in opposite directions. c. a percentage, since both the numerator and denominator are percentages. d. a dollar amount, since we are measuring the change in price.