Angeline, a bright college student finds out that the iPhone 10 was just launched this past week in Cupertino, CA. She along with the thousands of consumers plans on purchasing the iPhone 10 from Best Buy due to a price decrease from $899.99 to $649.99. Apple expects to see the quantity demanded for iPhone 10 to rise from 2 million to 3 million by the end of the year. What is the iPhone 10’s elasticity of demand?
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