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.
I believe the answer is 54%.
Hope this helps!
Answer:
x = 2
Step-by-step explanation:
2(x+1)=3x
2x+2=3x
2x - 3x=-2
-x=-2
Y ^(-2/3)^-6 = y^12/3 = y^4
x^(1/2)^ -6 = x^-3 = 1 x^3
so the answer is y^4 * 1 /x^3 = y^4 / x^3
A
Answer:
Step-by-step explanation:
15% = 15/100= 0.15
45% = 45/100 = o.45
Remaining students: 40% = 40/100 = 0.4%