Question
People living in New York travel to go to a concert in arizona. If the concert cuts its ticket price in half at both places,
People living in New York travel to go to a concert in arizona. If the concert cuts its ticket price in half at both places, what will happen to the new york resident's relative consumption of the new york concert versus the concert at arizona?
will price change increase or decrease? at which concert location?
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Econometric Analysis
Authors: William H. Greene
7th edition
131395386, 131395381, 978-0131395381
