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IRISSAK [1]
3 years ago
7

A movie theater finds that when it prices tickets at ​$9​, the theater sells 250 per day. When the price is reduced to ​$8​, the

theater sells 300 per day. Based on this​ information, use the​ average-values formula to find the price elasticity of demand for tickets. Provide the absolute value of the price elasticity of demand.
Business
1 answer:
elena55 [62]3 years ago
8 0

Answer:

The price elasticity of demand is -1.81.

Explanation:

At price level $9 the quantity demanded is 250.

At the price level $8, the quantity demanded is 300.

The price elasticity of demand will be  

= \frac{Change\ in\ quantity\ demanded}{Change\ in\ price}

= \frac{\frac{Q2-Q1}{Q1} }{\frac{P2-P1}{P1} }

= \frac{\frac{300-250}{250} }{\frac{8-9}{9} }

= \frac{\frac{50}{250} }{\frac{-1}{9} }

= \frac{0.2}{-0.11}

= -1.81

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Answer:

C

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Changes in US racial patterns have no impact on the marketing of the farmer's wheat, so A is incorrect.

The number of births per year is also irrelevant, as is the general population growth numbers because these do not affect the way the farmer will market his crops, so B and D are incorrect.

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3 years ago
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ch4aika [34]

Answer:

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Explanation:

Interest earned from corporate bonds and capital gained through corporate bond transactions is taxable income.  The interest earned from a corporate bond is subject to taxation by both the federal and state governments.

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<h3>What is an outsourcing?</h3>

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Rather, the use of outsourcing some of production is intended to overcome some organization constraints.

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Answer:

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