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

Economics For Today
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Author:Tucker
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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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