Disney World recently instituted strategic prices, charging park attendees different prices based on the time of year. This has caused overall attendance at the park to decrease, but overall revenue to increase. How does the concept of elasticity explain

Disney World recently instituted strategic prices, charging park attendees different prices based on the time of year. This has caused overall attendance at the park to decrease, but overall revenue to increase. How does the concept of elasticity explain why Disney implemented strategic pricing, and what the results were?

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