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The theater manager observes that the rise in price causes

Suppose the price of movies seen at a theater rises from? $12 per couple to? $20 per couple. The theater manager observes that the rise in price causes attendance at a given movie to fall from 300 persons to 200 persons. What is the arc price elasticity of demand for? movies?

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Business Economics: The theater manager observes that the rise in price causes

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