Business, 28.04.2021 17:00 michael1295

Movie theaters typically don’t let moviegoers bring food into theaters. But many moviegoers enjoy eating popcorn and sipping soda when watching their favorite movie. Considering these two facts, is the demand for popcorn at movie theaters price elastic or inelastic? (In terms of economics, does the quantity demanded for popcorn decrease more than 1% when the movie theater increases the price of popcorn by 1 %?)

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