Disney just raised its 3 day 3 park pass from $110.00 to $121.00. Sales fell from 4,000 per week to 3,000 per week.     Calculate elasticity using mid-point elasticity. Show all computations.             Is demand elastic or inelastic? Why?             Did Disney management do the right thing? Why?             What should they do next? (Hint – look at revenues)

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