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AtRoy's MusicShack, when the price of CDs is $15, 500 are demanded. When the price of CDs is $16, 200 are demanded. Using the averages
AtRoy's MusicShack, when the price of CDs is $15, 500 are demanded.
When the price of CDs is $16, 200 are demanded.
Using the averages of the two prices andquantities, the price elasticity of demand for CDs is
nothing
. (Round your answer to one decimalplace, and express your answer in absolute value.)
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