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17. Does it make sense for a non-profit entity like a museum to calculate the price, income and cross-price elasticity figures for the services they

17. Does it make sense for a non-profit entity like a museum to calculate the price, income and

cross-price elasticity figures for the services they provide?

A) No - since they are non-profit they get a pass on doing these calculations.

B) No - non-profits are immune from the laws of microeconomics

C) Yes - for-profit, non-profits and even the government should calculate these elasticities.

D) None of the responses above are correct

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