The following elasticity values apply to a video shop that rents out prerecorded videos. • Price elasticity of demand: -

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answerhappygod
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The following elasticity values apply to a video shop that rents out prerecorded videos. • Price elasticity of demand: -

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The following elasticity values apply to a video shop that rentsout prerecorded videos.
• Price elasticity of demand: -0.75
• Income elasticity of demand: 1.80
• Cross elasticity in relation to Ster-Kinekor movie tickets:3.0
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