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Question 1 3 pts Suppose the Carolina Panthers football team increases ticket prices by 20 percent and, as a result, the quantity of tickets demanded

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Question 1 3 pts Suppose the Carolina Panthers football team increases ticket prices by 20 percent and, as a result, the quantity of tickets demanded decreases by 25 percent. This response means that the demand for tickets is O inelastic O unit elastic O perfectly elastic O elastic

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