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    Economics For Today Study Set 3
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    Exam 5: Price Elasticity of Demand and Supply
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    Exhibit 5-6 Demand Curve for Concert Tickets
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Exhibit 5-6 Demand Curve for Concert Tickets

Question 29

Question 29

Multiple Choice

Exhibit 5-6 Demand curve for concert tickets
​ Exhibit 5-6 Demand curve for concert tickets ​   -In Exhibit 5-6, suppose promoters charge a price of $30 per ticket. How much total revenue will their sales generate? A)  $300,000. B)  $400,000. C)  $500,000. D)  $600,000.
-In Exhibit 5-6, suppose promoters charge a price of $30 per ticket. How much total revenue will their sales generate?


A) $300,000.
B) $400,000.
C) $500,000.
D) $600,000.

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