Business, 16.04.2020 20:48 monayemcnett11

Suppose you own a bookstore where you currently sell 22 John Grisham mystery novels per day at a price of $35 per book. However, if you were to reduce the price to $30, then you would sell 26 John Grisham mystery novels per day. Using the midpoint formula, what is the price elasticity of demand for John Grisham mystery novels? nothing. (Enter a numeric response using a real number rounded to two decimal places. Don't forget the minus sign.) In this price range, the demand for John Grisham mystery books is ▼ inelastic elastic .

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