Question: Question 41 (10 points) When the New York City Opera faced a growing deficit, it cut its ticket prices by 20 % hoping to attract

Question 41 (10 points) When the New York City Opera faced a growing deficit, it cut its ticket prices by 20 % hoping to attract more customers. At the same time, the New York Transit Authority raised subway fares to reduce its growing deficit. Are one of these two opposite approaches to reducing a deficit necessarily wrong? Explain fully. (10 marks)

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