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  • 15-02-2024
  • Business
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As the manager of a ski resort, you want to increase the number of lift tickets sold by 8 percent. Your staff economist has determined that the price elasticity of demand for lift tickets is -2.0. To increase sales by the desired amount, you should decrease the price of a lift ticket by ________._________.
1) 2
2) 4
3) 8
4) 16

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