Question
At $89 , a firm can sell 4,560 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.7. What is the
At $89 , a firm can sell 4,560 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.7. What is the change in total revenue (+ or -) if the firm drops price by 12%? Round your answer to the nearest dollar.
Your Answer:
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Handbook Of Blockchain Digital Finance And Inclusion
Authors: David Lee, Robert H. Deng
1st Edition
012812282X, 978-0128122822
