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8. Suppose you are a manager of a baseball team. The price elasticity of baseball game is 0.79. The owner wants to raise the price

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8. Suppose you are a manager of a baseball team. The price elasticity of baseball game is 0.79. The owner wants to raise the price of tickets to earn more profit and asks your opinion. Based on the elasticity number, would you suggest to raise the price, lower the price or keep it the same? Justify your answer. 2

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