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The athletic director of State U suggests that the university should reduce ticket prices to its football games in order to increase both attendance and
The athletic director of State suggests that the university should reduce ticket prices to its football games in order to increase both attendance and revenue from ticket sales. Economic theory predicts that, for a price elastic demand, this price reduction would
A have no effect on attendance and increase revenue.
B decrease attendance and increase revenue.
C increase attendance and increase revenue.
D increase attendance and decrease revenue.
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