Apple Inc.estimates that a 15% increase in price of Airpod Pro would cause an 20% reduction in the quantity of product sold. Total fixed costs for the product are $500,000 and total variable costs are $600,000, based on production of 4,000 units.

Airpod Pro price elasticity of demand and profit maximizing price are :

Select one:

a. -1.57 and $413.16

b. -1.57 and $329.92

c. -1.43 and $329.92

d. -1.43 and $413.16