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If the owners of Ster Kinekor movie theatres discounted the price of admission fees by 30 per cent, average attendance would rise by 50 per

If the owners of Ster Kinekor movie theatres discounted the price of admission fees by 30 per cent, average attendance would rise by 50 per cent. Based on this data, it could be concluded that the price elasticity of demand for move tickets is

[1] elastic.

[2] inelastic.

[3] unitary elastic.

[4] perfectly elastic.

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