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Consumer Choice and Demand End of Chapter Problem An organization holding a charity event sold raffle tickets for 5 0 % off last week. This
Consumer Choice and Demand End of Chapter Problem
An organization holding a charity event sold raffle tickets for off last week. This week, instead of discounting the ticket price, the organization offered buyers a bonus: for every tickets purchased, buyers gets tickets free.
Raffle tickets normally sell for $ each, and a person wishes to buy $ in raffle tickets. Is the bonus offer better than the discount? Why or why not?
The bonus offer is
not better than the discount. Consumers would receive more tickets with the discount than the bonus. better than the discount. sounds like a larger promotion than not better than the discount. Both offers result in the same amount of tickets. better than the discount. Consumers would receive more tickets with the bonus than than the discount.
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