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In writing about newspapers in San Francisco at the turn of the 20th century, Frances Dinkelspiel wrote: In December 1907, Calkins went bankrupt and sold the paper to C.H. Wilson. When the price decrease from 10 cents a copy to 5 cent a copy did not build readership The Globe folded. Using the concept of elasticity, what did the editors of the Globe assume about the price elasticity of demand for the newspaper? Were they correct
math   Statistics-And-Probability   
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