Question
At $189, a firm can sell 19,450 stereo earphones (3.5 mm for android). These are premium earphones, guaranteed for 5 years. At this price, elasticity
At $189, a firm can sell 19,450 stereo earphones (3.5 mm for android). These are premium earphones, guaranteed for 5 years. At this price, elasticity is estimated at 0.5. What is the change in total revenue (+ or -) if the firm drops price by 9%?
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
2nd Edition
0133001873, 978133001877
