A sportswriter writing about the Cleveland Indians baseball team made the following observation: If the Indians suddenly

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A sportswriter writing about the Cleveland Indians baseball team made the following observation: "If the Indians suddenly slashed all tickets to $10, would their attendance actually increase? Not all that much and revenue would drop dramatically." What is the sportswriter assuming about the price elasticity of demand for Indians tickets?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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