The demand for tickets to an Ethiopian Camparada film is given by D(p)= 200,000- 10,000p, where p is the price of tickets. If the price of tickets is 12 birr, calculate price elasticity of demand for tickets and draw the demand curve
The demand for tickets to an Ethiopian Camparada film is given by D(p)= 200,000- 10,000p, where p is the price of tickets. If the price of tickets is 12 birr, calculate price elasticity of demand for tickets and draw the demand curve
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 16SQ: If the quantity of bread demanded rises 2 percent when the price of bread declines 10 percent, then...
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The demand for tickets to an Ethiopian Camparada film is given by D(p)= 200,000- 10,000p, where p is the price of tickets. If the price of tickets is 12 birr, calculate price elasticity of demand for tickets and draw the demand curve
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