Reference no: EM131434895
When Apple raised the price of iTunes from 99c to $1.29, GS Boyz’s “Stanky Legg” sales dropped from 22,686 units to 19,692 units (Glenn Peoples, “iTunes Price Change: Sales Down, Revenue Up in Week1,” Billboard April 15, 2009). What was the song’s arc elasticity of demand?
Calculate the center line-upper control limit
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What was the songs arc elasticity of demand
: When Apple raised the price of iTunes from 99c to $1.29, GS Boyz’s “Stanky Legg” sales dropped from 22,686 units to 19,692 units (Glenn Peoples, “iTunes Price Change: Sales Down, Revenue Up in Week1,” Billboard April 15, 2009). What was the song’s ar..
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