Question: help asap - What is the Quanticy Demanded for Price =$10 ? - What is the Quantity Demanded for Price =59 ? Price Elastieity =%ChangeinPrice%ChangeinQuantity
help asap- What is the Quanticy Demanded for Price =$10 ? - What is the Quantity Demanded for Price =59 ? Price Elastieity =%ChangeinPrice%ChangeinQuantity - What is the Quantity Demanded for Price = \$4? - What is the Quantity Demanded for Price = \$3? - Suppose that prices go down from 510 to 59, Calculate the Price Husticity of Demand for the " A " Demand Carve. a) Between the price points $10 to $9 is the denuad considered elastic, anit elastic, or inelastic? - Suppose that prices go down from $4 to $3; Calculate the Price lilasticity of Demand for the "A" Demand Carve. b) Between the price points $4 to $3 is the demand considered clastic, unit elastic, or inclatic? - Imagine now that each Demand (T,A) represents a customer base for a movic theater you own in a small rown. Currently you charge $9 per ticket to exeryone, c) Calculate the total revenue (Price x Quantity) that the theater generates at this peice. d) Can you come up with a different price strategy that can help you increase total revenue? If so, which price would you charge
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