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Elasticity of demand for bleacher seats at rays games

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Reference no: EM132023787

Suppose the Tampa Bay Rays charge $10 for a bleacher seat and sell 250,000 over the course of a season. Next season, they increase the price to $12 per bleacher seat and sell 200,000. What is the elasticity of demand for bleacher seats at Rays games?

Reference no: EM132023787

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