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Economics - Financial Markets
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Stephen Duford says he skipped the game with rival Toronto because of the price increases. "I do not agree that I have to pay extra to see certain teams," he says. " I don't pay less for teams that usually don't draw." What do you know about Mr. Duford's demand (willingness and ability to purchase) for tickets to see the Senators play Toronto?
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it says that his demand is relatively elastic. Meaning that an increase in price decreased his willingness to buy.
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