Question
It has been estimated that the price elasticity of demand for attending Atlanta Braves baseball games is -0.57. 1 If price were the only factor
It has been estimated that the price elasticity of demand for attending Atlanta Braves baseball games is -0.57.1If price were the only factor to change, one might conclude that a decrease in attendance of 13.9% was caused by
- an increase in ticket prices of 29.3%.
- a decrease in ticket prices of 26.4%.
- an increase in ticket prices of 24.4%.
- a decrease in ticket prices of 22.4%
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Econometric Analysis
Authors: William H. Greene
7th edition
131395386, 131395381, 978-0131395381
