MBA 640, Survey of Macroeconomics
A)cross-elasticity of demand. B)price elasticity of demand. C)income elasticity of demand. D)price elasticity of supply. 2) 3)When the price of a movie ticket increases from $5 to $7, the quantity of tickets demanded decreases from 600 to 400 a day. What is the price elasticity of demand for movie tickets? A)2.32 B)0.83 C)1.20 D)1.00 3) ................
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