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Business, 21.03.2020 03:41 LukeneedhelpInMath

Suppose the Carolina Panthers football team lowers ticket prices by 20 percent and, as a result, the quantity of tickets demanded increases by 25 percent.
This response means that the demand for tickets is:

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

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Suppose the Carolina Panthers football team lowers ticket prices by 20 percent and, as a result, the...
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