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Question 10 Murkas: None * If the absolute value of the priceelasticity of demand for...

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Economics

Question 10 Murkas: None * If the absolute value of the priceelasticity of demand for move sickets is 1.8 in a given pricerange, then the demind for movle tickets is: a movie tickets inthat price range. b inelantic, and a

5%

increase in the price of move tickets leads to a gevalerthan

5%

decrease in the quantity demanded of evovie tickets in thatprice range. c elastic, and a

5%

increase in the price of move tickets leads to a less than

5%

decrease in the quancity demanded of move tickets in that pricerange. d elastic, and a 54 increase in the price of move ticketsleash to a greater than 5% decrease in the quantify demanded ofemove tickets in that price range.

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