Mathematics, 15.04.2020 16:08 ruchierosanp1n3qw
In 2003, when music downloading first took off, Universal Music slashed the average price of a CD from $21 to $15. The company expected the price cut to boost the quantity of CDs sold by 30 percent, other things remaining the same. What was Universal Music's estimate of the price elasticity of demand for CDs? Universal Music's estimate of the price elasticity of demand for CDs was
0.9
8.9
1.9
none of the above
Answers: 1
Mathematics, 21.06.2019 19:50, JAXKBOII55951
If the scale factor between two circles is 2x/5y what is the ratio of their areas?
Answers: 3
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