The Winnipeg Blue Bombers want to boost revenues from ticket sales next season. You are hired as
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The Winnipeg Blue Bombers want to boost revenues from ticket sales next season. You are hired as an economic consultant and asked to advise the Blue Bombers whether to raise or lower ticket prices next year. If the elasticity of demand for Blue Bomber game tickets is estimated to be -1.6, what would you advise? If the elasticity of demand equals -0.4?
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