Home / Expert Answers / Economics / suppose-you-have-estimated-a-simple-linear-demand-equation-for-single-game-tickets-for-a-minor-l-pa854

(Solved): Suppose you have estimated a simple linear demand equation for single-game tickets for a minor l ...



Suppose you have estimated a simple linear demand equation for single-game tickets for a minor league baseball team. The estimated equation is where is the number of tickets sold measured in thousands and is the dollar price of a ticket. Further assume that the point of the means is . Given this information and everything else held constant, the estimate of the price elasticity of demand for tickets is _____.



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe