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Odden Industries sells notebook computers for $800 per computer.Mrs. Odden, the owner, decides to decrease the price of these computers to $750 for an end
Odden Industries sells notebook computers for $800 per computer.Mrs. Odden, the owner, decides to decrease the price of these computers to $750 for an "end of season clearance event".As a result, the quantity demanded for notebook computers rose from 500 to 550 for the month.Calculate the elasticity. Round your answer to two places past the decimal.Make sure to include a negative sign if your elasticity is negative!
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