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April 21, 2014

Homework Help: economics

Posted by Ashaki on Saturday, May 12, 2012 at 2:05pm.

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

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