How many seats will taylor sell

Reference no: EM133442283

Question: Taylor's managers had set the price of a ticket to an upcoming concert at $200 which corresponds to 45,000 seats Demanded

Then for some reason they changed the price to $220. If the Price Elasticity of Demand is 1.1 how many seats will Taylor sell?

Ceteris Paribus, explain whether or not the store's manager was right or wrong to change the Price.

Reference no: EM133442283

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