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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 32
You have noticed that the price of tickets to your university's basketball games keeps increasing but the supply of tickets remains the same. Why might supply be unresponsive to changes in price?
Explanation
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Price elasticity of supply:
Price elast...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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