in 2015, there is a significant increase in music downloads. This increase is expected to continue to rise; therefore, World of Music slashed the average price of a CD from $26 to $16. The company expected the price cut to boost the quantity of CDs sold by 40 percent, other things remaining the same. (a.) What was World of Music's estimate of the price elasticity of demand for CDs? Explain your answer. (b.) If you were making the pricing decision at World of Music, what would be your pricing decision? Explain your decision.