CoolKid6151 CoolKid6151

05-06-2023
Business

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A minor league baseball team raised the average price of its tickets from $8 to $9.00 and found that average attendance at its games dropped from 5,200 to 4,600.
Using the arc elasticity of demand formula, the price elasticity of demand for tickets is
enter your response here.
(Express your answer as a real number rounded to two decimal places. Don't forget the negative sign.)

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