tytiannsmith4342 tytiannsmith4342

11-07-2017
Business

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What can be concluded if the number of movie tickets sold increases by 10 percent when the price is cut by 20 percent, other things being equal?

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bulldogkg10 bulldogkg10

11-07-2017

Supply and demand! If you aren't selling many tickets at first, it because you're price is too high, so by decreasing the price by 20%, the demand for that item increases. It's all about finding the market value and the perfect cross between supply and demand

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