Explain why the choice between 1, ², ³, ⁴, ⁵, ⁶, ⁷, ⁸, unit or 1000, 2000, 3000, 4000, 5000, 6000, 7000, 8000 for movie ticket prices makes no difference in determinate elasticity in tackle 6.0.
a) Because elasticity is determined by the percentage change in quantity demanded relative to the percentage change in price.
b) The choice of unit measurement does not affect the responsiveness of consumers to price changes.
c) Elasticity remains constant regardless of the scale used for price measurement.
d) All of the above.