Demand for movie rentals is highly elastic. What will happen if a video store raises the price of a rental?
It could possibly gain or lose revenue.
It would see no change in revenue.
It will lose revenue
It will gain revenue.
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Home » Business » Demand for movie rentals is highly elastic. What will happen if a video store raises the price of a rental? It could possibly gain or lose revenue. It would see no change in revenue. It will lose revenue It will gain revenue.