Erod6419 Erod6419

31-05-2024
Business

Answered

At The Palladium theatre, the price of a ticket increased from $20 and $28. As a result, quantity demanded decreased from 380 to 300. What is the price elasticity of demand (to the nearest one decimal place)?
a. 2.8
b. None of the above
c. 0.7
c. 0.5
d. 1.4

Answer :

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