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29-02-2020
Business

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When the price of movie tickets in a certain town was reduced, the movietheaters' revenues did not change. This suggests that the demand for movie tickets in that town has a price-elasticity coefficient of

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PiaDeveau PiaDeveau

01-03-2020

Answer:

Price-elasticity coefficient = 1

Explanation:

The elasticity's coefficient is a calculation of how much quantity of a product reacts to a rate change of that commodity.

The price-elasticity coefficient equals to one is represent that minor changes in Price of a particular commodity, Does not impact on Revenue of that firm.

In this Situation, Reduce the price of movie tickets doesn't impact on Revenue of theaters.

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