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.
Answer:
do you want me to answer this too
Step-by-step explanation:
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Answer:
the answer for this question is
A(-3,0)
Answer:
If we’re dividing .31 by 9
The solution is on the photo below
Hope this helped. Have a great day!