The figure shows the demand curve for DVD rentals. Price (dollars per DVD) When the price rises from $3 to $4 a DVD, what is the price elasticity of demand? (Use the point elasticity formula at the initial price of $3. Enter your response as a decimal rounded to two places.) 6- 5- 2- 1- D 0- 75 100 DVDS per day 25 125 150 50

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