Showmax, Netflix and Amazon Prime, all charge R150 per month for streaming very similar movies and television services.

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Showmax, Netflix and Amazon Prime, all charge R150 per month for streaming very similar movies and television services.

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Showmax Netflix And Amazon Prime All Charge R150 Per Month For Streaming Very Similar Movies And Television Services 1
Showmax Netflix And Amazon Prime All Charge R150 Per Month For Streaming Very Similar Movies And Television Services 1 (327.87 KiB) Viewed 31 times
Showmax, Netflix and Amazon Prime, all charge R150 per month for streaming very similar movies and television services. The most likely cross price elasticity of demand for close substitutes is: A. 2.1 B. 0.1 C. +01 D. +2.1 QUESTION 5 Study table 5.1 below and answer the question that follows Table 5.1 A. 0.8% B. 2% C.-2.5% 2020 D.-25% Average weekly pocket money for senior primary kids Cornetto ice cream is a popular snack bought by kids in senior primary school. Cornetto's income elasticity of demand is estimated to be -0.1. Calculate the percentage change in quantity demanded for Cornetto ice cream between 2020 and 2021, ceteris paribus: R7 2021 R8.75 (4 Marks)
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