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Suppose you plan to increase the price for your spooky haunted house hayrides from $25 to $35. As a result, you expect that ticket sales
Suppose you plan to increase the price for your spooky haunted house hayrides from $25 to $35. As a result, you expect that ticket sales will fall from 1,100 tickets to 900 tickets. a. Based upon the information above, calculate the own price elasticity of demand and characterize demand as being elastic or inelastic
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
