Would their attendance actually increase

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Reference no: EM131020539

A sportswriter writing about the Cleveland Indians baseball team made the following observation: "If the Indians suddenly slashed all tickets to $10, would their attendance actually increase? Not all that much and revenue would drop dramatically." What is the sportswriter assuming about the price elasticity of demand for Indians' tickets? Source: David Schoenfiel, "Chat with David Schoenfield," espn.com, November 27, 2012.

Reference no: EM131020539

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