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Assume that the Australian Football League (AFL) reduces the prices of tickets by 50 per cent for tickets to games on Monday nights. The number

Assume that the Australian Football League (AFL) reduces the prices of tickets by 50 per cent for tickets to games on Monday nights. The number of Monday night game tickets sold increased by 80 per cent. Is this enough information to allow us to calculate the price elasticity of demand for tickets to football games? Briefly explain.

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