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Suppose the Adelaide Crows Football Team Raises Ticket Prices by 13

Question 118

Multiple Choice

Suppose the Adelaide Crows football team raises ticket prices by 13 per cent and as a result the quantity of tickets demanded decreases by 21 per cent. This response means that the demand for Crows tickets is


A) inelastic.
B) elastic.
C) perfectly inelastic.
D) unit elastic.
E) perfectly elastic.

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