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true or false: Suppose that a small-market Major League Baseball team was charging $12 for a ticket. At this price, they were able to sell
true or false: Suppose that a small-market Major League Baseball team was charging $12 for a ticket. At this price, they were able to sell 12,000 tickets to each game. If they had raised ticket prices to $15, they would have sold 11,053 tickets to each game. In this case, the price elasticity of demand at $12 was -0.5
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
