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Ghose and Han (2014) found that the elasticity of demand for Google Play apps is 3.7. This elasticity applies to a small college town where

Ghose and Han (2014) found that the elasticity of demand for Google Play apps is

3.7. This elasticity applies to a small college town where approximately 1,000 apps per month are sold.

If price rises by 8%,

What is the percentage change in revenue?

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