pgreeves3525 pgreeves3525
  • 16-02-2024
  • Business
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Suppose the New Orleans Saints lowers ticket prices by 13 percent and as a result the quantity of tickets demanded increases by 21 percent. This response means that the price elasticity of demand for:
a. Saints tickets is inelastic
b. Saints tickets is elastic
c. Saints tickets is unit elastic
d. Not enough information to determine

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