Question: 20,000 users purchased your application during April when it cost $5.00. You raised the price to $7.00 in May and had 14,000 purchases that month.

20,000 users purchased your application during April when it cost $5.00. You raised the price to $7.00 in May and had 14,000 purchases that month. What is the price elasticity of demand for your application? Group of answer choices 0.70 0.35 0.75 0.30

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