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6) Florida State University has just lowered the price of its season football tickets from $350 to $300. As a result, there was an increase

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6) Florida State University has just lowered the price of its season football tickets from $350 to $300. As a result, there was an increase in the number of season tickets purchased from 43000 to 47000. Using mid-point method, the price elasticity of demand for season tickets equals A) 1.71 B) 1.58 C) 0.71 D) 0.58 Answer: D

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