Answer: The price can be said to be too low.
Explanation:
Since the elasticity of demand for comic books at the current price is -0.6, then we can say that the price is too low as the demand is inelastic.
An elasticity of demand that is less than one shows that a product has an inelastic demand. This simply means that the change in price would bring about a very little change to the quantity of the comic books that'll be bought.
