Solved: What is the price elasticity of demand for movies, Microeconomics

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What is the price elasticity of demand for movies

Question:

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 price elasticity of demand for movies?

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Microeconomics: What is the price elasticity of demand for movies

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Microeconomics: What is the price elasticity of demand for movies

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