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Question 2: (8 points): B1, C2, B2 A theatre charges 12$ per tickets for musical shows. Average attendance at these shows is 16,000. However, last

Question 2: (8 points): B1, C2, B2

A theatre charges 12$ per tickets for musical shows. Average attendance at these shows is 16,000. However, last year they charged 13$ and the average attendances were 13,5000.

Required

Assuming attendance to be purely price dependent. What is demand function for the theatre?

Answer :

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