Ask Question
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?

+2
Answers (1)
  1. 23 January, 20:06
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers