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Social Studies, 30.07.2019 16:20, kieran1982
Abroadway play company can only charge one price for tickets to a given performance of its play. the company manager notices that the company earns greater total revenue when they charge a higher ticket price and its theater is three-quarters full than when they charge a lower ticket price and the theater is completely full. it follows that demand for this play is:
(a) perfectly elastic
(b) inelastic
(c) unit elastic
(d) elastic
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