A municipal community theatre finds that the price elasticity of demand for its seasonal drama passes is -2.0.
If the theatre decides to increase the price of these passes by 10%, what will be the percentage change in its total revenue from seasonal passes?
A decrease of 10%10\%10%
A decrease of 12%12\%12%
A decrease of 20%20\%20%
An increase of 10%10\%10%
