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Arc elasticity of demand for beautiful

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Reference no: EM131687594

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"?

Reference no: EM131687594

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