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QUESTION
18) Disneyworld charges $5.00 per ticket for the general audience but only $3.00 per ticket for children under 12. The price elasticity of demand for...
18) Disneyworld charges $5.00 per ticket for the general audience but only $3.00 per ticket for children under 12. The price elasticity of demand for tickets purchased by the general audience is -1.5. What is the elasticity of demand for tickets purchased for children under 12 if prices are set optimally.
