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April 21, 2014

Homework Help: ECON

Posted by Anonymous on Tuesday, February 7, 2012 at 1:20pm.

. Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets? Could price elasticity be somewhat overestimated form these figures? That is, could other things have changed, accounting for some of the decline in attendance?

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