question archive Amazon allows authors who self-publish their e-books to set the prices they charge
Amazon allows authors who self-publish their e-books to set the prices they charge
Subject:EconomicsPrice:2.88 Bought3
Amazon allows authors who self-publish their e-books to set the prices they charge. One author was quoted as saying: "I am able to drop prices and, by sheer volume of sales, increase my income." Was the demand for her books price elastic or price inelastic? Briefly explain.
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