AvAbReE3258 AvAbReE3258

15-11-2022
Business

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1. consider the market for a new dvd movie, where the price is initially $20 and 20 copies are sold per day at a superstore, as indicated in the figure below. the superstore is considering lowering the price to $16. what is the price elasticity of demand between these two prices (use the midpoint formula)?

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