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balu736 [363]
3 years ago
7

What can be concluded if the number of movie tickets sold increases by 10 percent when the price is cut by 20 percent, other thi

ngs being equal?
Business
1 answer:
deff fn [24]3 years ago
6 0
Supply and demand! If you aren't selling many tickets at first, it because you're price is too high, so by decreasing the price by 20%, the demand for that item increases. It's all about finding the market value and the perfect cross between supply and demand
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