contestada

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

Respuesta :

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.