[Solution] The Interior Department recently announced that it will Increase the entrance fees at Yellowstone National Park In order to Increase park revenues.
Question: The Interior Department recently announced that it will Increase the entrance fees at Yellowstone National Park In order to Increase park revenues. The Interior Department must believe that:
- Park goers are very responsive to price changes.
- The demand for park services is elastic.
- The percentage increase In fees Wm be greater than the percentage decrease In the number of park visitors.
- Demand is unitary elastic, and thus the number or visitors will NOT decrease.
Deliverable: Word Document 
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