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Suppose you are the manager of threatre . you currently change the same admission price to all customers, regardless of age.you hire an Economist to
Suppose you are the manager of threatre . you currently change the same admission price to all customers, regardless of age.you hire an Economist to determine the price elasticity of demand for admission by age,and he tells you that at the current price demand by adult is inelastic and demand by children is elastic.if you want to increase your total revenue by adjusting admission price,how should they be adjusted?
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