tytiannsmith4342 tytiannsmith4342
  • 11-07-2017
  • Business
contestada

What can be concluded if the number of movie tickets sold increases by 10 percent when the price is cut by 20 percent, other things being equal?

Respuesta :

bulldogkg10
bulldogkg10 bulldogkg10
  • 11-07-2017
Supply and demand! If you aren't selling many tickets at first, it because you're price is too high, so by decreasing the price by 20%, the demand for that item increases. It's all about finding the market value and the perfect cross between supply and demand
Answer Link

Otras preguntas

How can an immigrant become a permanent resident of the United States?
An amusement park charges $28 to enter and $0.50 per ticket (Solve)
In mark twain narrative I sell a dog what is the narrators main source of income?
A tool used to pick up tiny objects
Which of the following about hamstring strains is NOT true?
What is the second to smallest number with the factors 1,2,3,4, and 5?
A disadvantage of solar energy is the need for _____
explain how you would take a survey to find your classmates favorite shirt color
the rule of Alexander the great helped to do all of the following excpet: a.spread geek culture b.encourage the Democratic process c.extend Greek & maced
Which best describes mitochondrial DNA (mtDNA)?