The table shows Lee’s and Yim’s price elasticity of demand for restaurant meals and cinema tickets.
There is a rise in the price of restaurant meals and a fall in the price of cinema tickets.
What can be concluded after these price changes?
1 )
Restaurant owners will receive more income.
2 )
Lee will spend more money on both cinema tickets and restaurant meals.
Yim will spend more money on both cinema tickets and restaurant meals.
4 )
Cinema owners will receive less income.
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