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23 January, 18:48

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?

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  1. 23 January, 20:06
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    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
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