Business, 26.02.2020 05:37 cupcake20019peehui
A 10% increase in the price of movie ticket in Westridge 8 leads to a 15% decrease in the number of tickets sold, indicating the demand for movie ticket in Westridge 8 is:
a) elastic.
b) inelastic.
c) unit elastic.
d) Can not tell from the information given.
Answers: 1
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A 10% increase in the price of movie ticket in Westridge 8 leads to a 15% decrease in the number of...
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