The following elasticity values apply to a video shop that rents out prerecorded videos. • Price elasticity of demand: -
Posted: Wed Jul 06, 2022 5:55 am
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
• Price elasticity of demand: -0.75
• Income elasticity of demand: 1.80
• Cross elasticity in relation to Ster-Kinekor movie tickets:3.0