6. A local paintball business receives total revenue of $8,000 a month when it charges $10 per...

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6. A local paintball business receives total revenue of $8,000 a month when it charges $10 per person, and $9,600 in total revenue when it charges $6 per person. Over that range of prices, does the business face elastic, unitary, or inelastic demand?

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Principles Of Microeconomics

ISBN: 9780393935769

1st Edition

Authors: Dirk Mateer, Lee Coppock

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