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corie corie
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6 years ago
Suppose that a small market Major League Baseball team currently charges $12 for a ticket.  At this price, they are able to sell 12,000 tickets to each game.  If they raise ticket prices to $15, they would sell 11,053 tickets to each game.  What is the price elasticity of demand at $12?  If the demand curve is linear, what is the algebraic expression for demand?
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Microeconomics

Microeconomics


Edition: 8th
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CanihCanih
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