The cross-price elasticity of demand between movie tickets and movie theater popcorn is estimated to equal −0.5. Suppose

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answerhappygod
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The cross-price elasticity of demand between movie tickets and movie theater popcorn is estimated to equal −0.5. Suppose

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The cross-price elasticity of demand between movie tickets andmovie theater popcorn is estimated to equal −0.5. Suppose movieticket prices increased by 20% this year. The percentage change inthe quantity demanded of movie theater popcorn will be (usenegative numbers for a decrease and positive for anincrease):
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