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At $172, a firm can sell 18,580 stereo earphones (3.5 mm for android). These are premium earphones, guaranteed for 5 years. At this price, elasticity

image text in transcribed At $172, a firm can sell 18,580 stereo earphones (3.5 mm for android). These are premium earphones, guaranteed for 5 years. At this price, elasticity is estimated at 0.4 . What is the change in total revenue (+ or -) if the firm drops price by 10% ? Answer: 434,623(204,529)

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