(Answered) In the first week after apples itunes raised the price on

Management Studies

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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