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At $73, a firm can sell 4,585 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.5. What is the change
At $73, a firm can sell 4,585 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.5. What is the change in total revenue (+ or -) if the firm drops price by 11% ? Round your answer to the nearest dollar. Answer: 118,320(45,101) At $73, a firm can sell 4,585 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.5. What is the change in total revenue (+ or -) if the firm drops price by 11% ? Round your answer to the nearest dollar. Answer: 118,320(45,101)
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