Conclusion about the profitability of increasing prices

Reference no: EM13686685

How do you calculate the long run demand curve to this question? To conduct an experiment, AMC increased movie ticket prices from $ 9.00 to $ 10.00 and gauged the change in ticket sales. Using the data over the following month, they concluded that the increase was profitable. But, over the subsequent months, they changed their minds and discontinued the experiment. How did the timing affect their conclusion about the profitability of increasing prices?

Reference no: EM13686685

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Conclusion about the profitability of increasing prices : How do you calculate the long run demand curve to this question? To conduct an experiment, AMC increased movie ticket prices from $ 9.00 to $ 10.00 and gauged the change in ticket sales. Using the data over the following month, they concluded that th..

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