In the first week after apples itunes raised the price on


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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Business Management: In the first week after apples itunes raised the price on
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