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the demand for tickets is given by D(p) = 200,000 - 10,000p, where p is the price of tickets.If the price of tickets is $10, then the price elasticity of demand for tickets is
Total Revenue
The total amount of money received by a company from sales of goods or services, before any expenses are subtracted.
Elastic
Describes a situation where the demand or supply for a good or service significantly changes in response to a change in price.
Total Revenue
The aggregate earning of a company from its operational activities, an indicator of its market success.
North American Free Trade Agreement
A trade agreement between Canada, Mexico, and the United States to remove tariffs and facilitate commerce.
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