Question
At Roy's Music Shack, when the price of CDs is $13,400 are demanded.When the price of CDs is $14,300 are demanded.Using the averages of the
At Roy's Music Shack, when the price of CDs is
$13,400
are demanded.When the price of CDs is
$14,300
are demanded.Using the averages of the two prices and quantities, the price elasticity of demand for CDs is
enter your response here.
(Round
your answer to one decimal place, and express your answer in absolute
value.)
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
