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Suppose that demand for football tickets to watch European Championship Cup can be given by the function: q=1400-10p a) Compute the price elasticity of demand.

Suppose that demand for football tickets to watch European Championship Cup can be given by the function:

q=1400-10p

a) Compute the price elasticity of demand.

b) What is the price elasticity of demand when the price is $100?

c) Should the manager consider increasing the price to raise revenue? Why/Why not?

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