movie attendance dropped 8 percent as ticket


Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. What is price elasticity of demand for movie tickets? Could price elasticity be somewhat overestimated from these figures? That is, could other things have changed, accounting for some of the decline in attendance?

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: movie attendance dropped 8 percent as ticket
Reference No:- TGS0378086

Expected delivery within 24 Hours