The accompanying graph depicts demand. 
The price elasticity of demand at point C is:
Definitions:
Market Researcher
A professional who conducts research to gather, analyze, and interpret data about market conditions, consumer preferences, and competitive dynamics to inform business decisions.
Predictive Modeling
The use of statistical techniques and algorithms to forecast future events or trends, based on historical data and analysis.
Statistical Analysis
The process of collecting, exploring, and presenting large amounts of data to discover underlying patterns and trends and make decisions.
Ticket Sales
The process of selling admission to events, such as concerts, movies, or sports games.
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