16. In 2018, the NFC football team the Atlanta Falcons moved to a new stadium. As part...
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16. In 2018, the NFC football team the Atlanta Falcons moved to a new stadium. As part of this move, they dropped their stadium’s food and beverage prices 50% versus prices at the old stadium. In order for this pricing strategy to work, the Falcons must believe that consumer demand is ____________. Explain your answer.
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