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QUESTION 1 4 Suppose the San Francisoo 4 9 ers lower ticket prices by 1 5 pereent and as a result the quantity of tickets

QUESTION

14

Suppose the San Francisoo

49

ers lower ticket prices by

15

pereent and as a result the quantity of tickets demanded increases by

10

percent. This set of results shows that San Francisco

49

ers ti

A an elastic demand.

8 .

an elastic supply.

Can inclastic supply.

.

an inelastic demand.

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