Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 5, Problem 3SPPA
To determine

To explain:

Whether the demand for movie tickets is elastic or inelastic, the change in total revenue with the fall in price and the price elasticity of demand if the price is $8 a ticket.

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