NEED HELP PLEASE: Four shaded circles, each of radius 4 feet, are packed in a square as shown. Suppose you drop a coin onto the
square at random. What is the probability that the center of the coin lands in a non-shaded area?
1 answer:
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Answer: The value of cross price elasticity is 1.6.
Step-by-step explanation:
Since we have given that
Percent change in price = 10%
Percent change in quantity = 16%
So, we need to find the cross price elasticity between the two movie club memberships.
As we know the formula for cross price elasticity :
Hence, the value of cross price elasticity is 1.6.