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:
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Step-by-step explanation:
Answer:
there is a thing called you can use that
Step-by-step explanation:
Step-by-step explanation:
griminology is one of part of body