Answer:

Step-by-step explanation:
Use the slope-intercept form:

m is the slope and b is the y-intercept. Looking at the graph, you can find the y-intercept. The y-intercept is the point where x equals 0:


To find the slope, take any two points from the line:

Use the slope formula for when you have two points:

The rise over run is the change in the y-axis over the change of the x-axis. Insert the appropriate values:


Simplify parentheses (two negatives makes a positive):


Simplify (two negatives make a positive):

The slope is
and the y-intercept is
. Insert these into the equation:

Finito.
The solution to this is 3(8)-3(9).
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.