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Biology, 21.09.2019 01:10 liltweetypie08ovdod4
An article in the new york times about the new york metropolitan opera (the met) suggests that the popularity of opera might be increased if the met reduced its ticket prices. but the article observes that such ticket price cuts would only be possible if the met received a gift from "a very deep-pocketed donor."source: zachary woolfe, et al., "the met opera is struggling. how can it fill those empty seats? " new york times, may 4, 2016.the authors of the article are assuming a cut in ticket prices, and assuming there is no gift from a "very deep-pocketed donor," (will/will not) increase the met's revenue. the authors are assuming the price elasticity of demand for tickets to the met is: a. inelastic. b. unit elastic. c. elastic. d. infinite.
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An article in the new york times about the new york metropolitan opera (the met) suggests that the p...
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