Question: Concept: Compute Price Elasticity Question Help Consider the market for a new DVD movie, where the price is initially $20 and 20 copies are sold

Concept: Compute Price Elasticity Question Help 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 to the right. ns The superstore is considering lowering the price to $18. What is the price elasticity of demand between these two prices (use the Midpoint Formula)? A B The price elasticity of demand is |. (Enter your response as a real number rounded to two decimal places.) Price (dollars per copy) D brat 1 8 12 16 20 24 28 32 36 40 44 48 52 56 60 Quantity (copies per day) urce Enter your answer in the answer box and then click Check Answer. dy All parts showing Clear All Check Answer ion Tools &gt

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