A professional sports team that earns more annual revenue than a small-market team is a big market team. This is further explained below.
<h3>What is a big market team?</h3>
Generally, a big market team is simply defined as Playing for a "big market" team usually means getting a lot more attention than you would if you were on a "small market."
In conclusion, big-market sporting teams have yearly revenues that are higher than those of smaller teams.
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Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.
<u>WORKING OF MID POINT METHOD</u>
Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.
- The percentage change in quantity subtracted from the percentage change in price represents the price elasticity of demand. The following formula may be used to calculate the percentage change in the number of oranges requested in this area using the midpoint method:
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I'm sorry but is it market system/market economy
