At the present level of consumption, 4,000 movie tickets, and at the current price, $5 per ticket, the price elasticity of demand for movie tickets is 1. Using the midpoint method, calculate the percentage by which the owners of movie theaters must reduce the price in order to sell 5,000 tickets.

VERSION 1 TEST 1 : CORPORATE FINANCE NOM : PRENOM : 40 multiple choice questions with only one good answer for three propositions. A right answer is valued 1 points, a wrong answer counts for 0 point and no answer gives 0 point. REPONDRE SUR CETTE FEUILLE (ENTOURER LAREPONSE) Question 1 Hi‐Def Corporation is considering an investment in a perpetual bond. The cost is $1,000...