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Business, 12.08.2019 22:10, JayJaYMoney251
Assume that the price elasticity of demand for movie theatres is -.85 during the evening shows but for afternoon shows the price elasticity of demand is -2.28. for the theatre to maximize total revenue it shoulda.β charge the same price for both shows, holding all else constantb.β charge a higher price for the afternoon shows and a lower price for the evening shows, holding all else constantc.β charge a lower price for the afternoon shows and a higher price for evening shows, holding all else constantd.β there is not enough information to determine a pricing strategy
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Assume that the price elasticity of demand for movie theatres is -.85 during the evening shows but f...
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