Why the percentage change in quantity demand

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An increase or a decrease in price will affect the TR (total revenue) of a product or service depending it price elasticity. From the list presented below choose a product or service and explain how the TR will be affected.

Major league baseball tickets Price elasticity =0.23

In addition categorize the level of elasticity of a product or service of your choice from real life based on what you know happens to the percentage change in quantity demand when the price changes.

Reference no: EM1359986

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