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Economics, Economic Analysis of Law
Year 4
Price elasticity of demand
Attendance at Walt Disney dropped by 8% after prices for ticekts rose by 5%. What is the PE of demand for these tickets and could the PE be over-estimated by these figures? Please name other factors that could cause a decline in tickets purchased other than PE.
By OTA: Suraj Joshi, PhD (IP)
OTA Rating: 4.7/5
Your Price: $2.19 (original value ~$3.99)
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