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hiusy98 hiusy98
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8 years ago
Suppose the price of movies seen at a theater rises from $12 per couple to $20 per couple. The theater manager observes that the rise in price causes attendance at a given movie to fall from 300 persons to 200 persons. What is the arc price elasticity of demand for movies?
A) 0.5
B) 0.8
C) 1.0
D) 1.2
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Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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sofreshsofresh
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8 years ago
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1
Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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hiusy98 Author
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8 years ago
This course was so challenging before I signed up here, thanks
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6 years ago
thank you
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