question archive In the first week after Apple's iTunes raised the price on its most popular songs, from 99 cents to $1
In the first week after Apple's iTunes raised the price on its most popular songs, from 99 cents to $1
Subject:EconomicsPrice:2.88 Bought3
In the first week after Apple's iTunes raised the price on its most popular songs, from 99 cents to $1.29, the quantity demanded of Akon's "Beautiful" fell approximately 9.4%, to 52,760 units, from 57,941 units sold in the previous week. What is the arc elasticity of demand for "Beautiful?"
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