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In May 2009, Itunes raised the price of 33 songs from 99C per download to $1.29 per download. In the week following the price rise,

In May 2009, Itunes raised the price of 33 songs from 99C per download to $1.29 per download. In the week following the price rise, the quantity od downloads of these 33 sings fell 35 percent. The price elasticity of demand for these 33 sings is

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