A sports stadium charges for two categories of seats. The lower-priced seats cost $10, while the higher-priced seats cost $20. If every seat price rises by 10%, demand changes by falling 5% for the lower-priced seats and falling 12% for the higher-priced seats. What term describes how demand responds to the price change?
- Aelastic / elastic
- Belastic / inelastic
- Cinelastic / elastic
- Dinelastic / unitary elasticity