If Average Movie Attendance Is 250 Million When Prices Are

question 122

Multiple Choice

If average movie attendance is 250 million when prices are $9 a ticket and 200 million when prices are $11 a ticket, the elasticity of demand for movie tickets is about:

• A) 0.0.
• B) 0.9.
• C) 1.1.
• D) 1.8.

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