What was the song arc elasticity of demand

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Reference no: EM132196767

Question: When Apple raised the price of iTunes from $0.99 to $1.29, GS Boyz' "Stanky Legg" sales dropped from 22 comma 686 units to 19,692 units (Peoples, Glenn, "iTunes Price Change: Sales Down, Revenue Up In Week 1," Billboard, April 15, 2009). What was the song's arc elasticity of demand? The song's arc elasticity of demand is epsilonequals nothing. (Enter your response rounded to three decimal places and include a minus sign.)

Reference no: EM132196767

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