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15-02-2024
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Tickets for the Indianapolis 500 increased from 2020 to 2021. What is the price elasticity for a ticket from 2020 to 2021? Determine if the tickets are elastic or inelastic. Round the answer to two decimal points. Which of the following options best describes the price elasticity of the tickets?A) Highly elasticB) Moderately elasticC) Moderately inelasticD) Highly inelastic

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