Amazon allows authors who self-publish their e-books to set the prices they charge. One author was quoted as saying: “I am able to drop prices and, by sheer volume of sales, increase my income.” Was the demand for her books price elastic or price inelastic? Briefly explain
Amazon allows authors who self-publish their e-books to set the prices they charge. One author was quoted as saying: “I am able to drop prices and,…
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