A local theater group plans to increase its ticket prices by 15% next season, anticipating a significant boost in revenue. The group justifies this by pointing to a recent survey indicating that over 80% of current subscribers rate their satisfaction with performances as "excellent" or "very good."

The correct answer to the question "A local theater group plans to increase its ticket prices by 15% next season, anticipating a significant boost in revenue. The group justifies this by pointing to a recent survey indicating that over 80% of current subscribers rate their satisfaction with performances as "excellent" or "very good."" is Option A: Most current subscribers are senior citizens on fixed incomes..

The other options — B) The theater's main competitor plans to keep its ticket prices unchanged., C) The survey was conducted immediately after a particularly well-received production., D) Overall attendance for theater performances in the city has been steadily declining. — are incorrect for this GMAT Exam Prep question. As explained above: If most subscribers are on fixed incomes, a 15% price increase might make tickets unaffordable, leading to a significant drop in subscriptions despite high satisfaction, thus weakening the anticipate…