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    Exam 5: Price Elasticity of Demand
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    Exhibit 5-7 Demand Curve for Concert Tickets
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Exhibit 5-7 Demand Curve for Concert Tickets

Question 41

Question 41

Multiple Choice

Exhibit 5-7 Demand curve for concert tickets
Exhibit 5-7 Demand curve for concert tickets    -In Exhibit 5-7,If promoters charge a price of $10 per ticket,then their total revenue is: A)  $240,000. B)  $300,000. C)  $333,333. D)  $800,000.
-In Exhibit 5-7,If promoters charge a price of $10 per ticket,then their total revenue is:


A) $240,000.
B) $300,000.
C) $333,333.
D) $800,000.

Correct Answer:

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