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May 23, 2015

Homework Help: economics

Posted by tania on Sunday, March 10, 2013 at 12:59pm.

1. If average movie attendance is 250 million when prices are $7 a ticket and 200 million when prices are $9 a ticket, the elasticity of demand for movie tickets is about:
A. 0.0.
B. 0.9.
C. 1.1.
D. 1.8.

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