Suppose you own a bookstore where you currently sell 25, Business Economics

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Suppose you own a bookstore where you currently sell 25

Suppose you own a bookstore where you currently sell 25 John Grisham mystery novels per day at a price of $38 per day. However, if you were to reduce the price to $27, then you would d sell 31 John Grisham mystery novels per day. Using the midpoint formula, what is the price elasticity of demand for john Grisham mystery novels?

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Business Economics: Suppose you own a bookstore where you currently sell 25

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