if-the-price-of-movie-tickets-increases-from-10-to-12-and-the-quantity-demanded-

Question

If the price of movie tickets increases from $$10 to 12 $$and the quantity demanded of popcorn decreases from 200 units to 180 units, what is the cross-price elasticity of demand?

Accepted Answer

-0.5

Answer

-1.0

Answer

1.0

Answer

0.5

If the price of movie tickets increases from \$10 to \$12 and the quantity demanded of popcorn decreases from 200 units to 180 units, what is the cross-price elasticity of demand?