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.
discrete, you cannot have 1.5 televisions
generally the number of X is a discrete variable.
continous = can contain decimal value (float values)
discrete = no decimal (integers)