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Suppose you plan to increase the price for tickets to your local theater from $19 to $21. As a result, you expect that ticket sales
Suppose you plan to increase the price for tickets to your local theater from $19 to $21. As a result, you expect that ticket sales will fall from 110 tickets to 90 tickets. Which of the following is the best estimate of the own price elasticity of demand for tickets to your theater? Group of answer choices -0.50 -1.33 -2.00 -0.75
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
