Illustrate what is price elasticity of demand for cd players

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Reference no: EM1344674

A discount store has a special offer on CD players and lowers their price from $150 to $100. Suppose the store manager observes that the quantity demanded increases from 700 CD players to 1,300 CD players. Illustrate what is the price elasticity of demand for CD players?

Reference no: EM1344674

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