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 39 %, total revenue decreases by 67 %. When Cinema Supreme decreases ticket prices by 19 %, total revenue does not change. When Bluebox, a DVD rental kiosk, increases its prices by 44 %, total revenue increases by 31 %.
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Home » Business » 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 39 %, total revenue decreases by 67 %.