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Suppose Sharm City Videos lowers the price of its movie club membership by 10 percent and as a result, CineArts Videos experienced a 16 percent

Suppose Sharm City Videos lowers the price of its movie club membership by 10 percent and as a result, CineArts Videos experienced a 16 percent decline in its movie club membership. What is the value of the cross -price elasticity between the two movie club memberships?

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