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Need help with homework Label the scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movies at

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Need help with homework

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Label the scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movies at home, increases prices by 42%, total revenue decreases by 59%. When Cinema Supreme increases ticket prices by 26%, total revenue does not change. When Bluebox, a DVD rental kiosk, increases its prices by 49%, total revenue increases by 22%. Answer Bank inelastic unit elastic elastic Elasticity - End of Chapter Problem Do you think the price elasticity of demand for Ford sport-utility vehicles (SUVs) will increase, decrease, or remain the same when each of the following events occurs? Explain your answers. a. Other car manufacturers, such as General Motors, decide to make and sell SUVs. The answer above is correct because b. SUVs produced in foreign countries are banned from the American market. The answer above is correct because

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