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When Connecting U dropped the price of a gigabyte of data from $20 to $16, Jamming Joe's quantity demanded increased from 2 gigabytes to 3
When Connecting U dropped the price of a gigabyte of data from $20 to $16, Jamming Joe's quantity demanded increased from 2 gigabytes to 3 gigabytes of data -- a 40 percent increase in quantity demanded, according to the midpoint formula
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
