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Elasticity of demand for tickets

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A Lower east-side cinema charges $3.00 per ticket for under 12 years of age and $5.00 per ticket for anyone 12 years of age or older. The firm has estimated that the price elasticity of demand for tickets by those 12 years of age or older is-2.0. Calculate what the elasticity of demand for tickets must be for children under 12 years of age if prices are optimal.

Reference no: EM131326266

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