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At $86 , a firm can sell 4,645 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.3. What is the
At $86 , a firm can sell 4,645 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.3. What is the change in total revenue (+ or -) if the firm drops price by 12%? Round your answer to the nearest dollar.
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