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Author Question: Ticket prices to a Kanye West concert increase from $40 to $60. As a result, ticket sales decrease ... (Read 371 times)

P68T

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on: May 24, 2019
Ticket prices to a Kanye West concert increase from $40 to $60. As a result, ticket sales decrease from 50,000 to 40,000.  The elasticity of demand for Kanye West tickets equals ________ and demand is ________.
◦ 1.8; elastic
◦ 0.55; inelastic
◦ 0,22; inelastic
◦ 0.40; inelastic
◦ 5.0; elastic
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by P68T on May 24, 2019

lorealeza

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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P68T

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Reply #2 on: May 24, 2019
Thank you!


lorealeza

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Reply #3 on: May 24, 2019
Always glad to help...


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