On the record
A reduction of the fee in the ratio of four to one was followed by an increase of visitors in the ratio of more than eight to one.
Source
gutenberg.orgA reduction of the fee in the ratio of four to one was followed by an increase of visitors in the ratio of more than eight to one.
Sumner provides an example of how reducing fees led to a significant increase in visitors, illustrating the principle of price elasticity.
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