Business, 21.01.2021 22:10 bankskry

Suppose the price of movie tickets changes. The price change leads to a 10 percent decrease in the quantity demanded of movie tickets. This causes the total revenue from movie tickets to increase by 5 percent. Is the demand for movie tickets elastic, inelastic, or unit-elastic

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Suppose the price of movie tickets changes. The price change leads to a 10 percent decrease in the q...