BI industries has recently raised the price of its whole range of Hbots from $200 to $400 and seen its sales fall from 14000 to 10000 units.

What is the elasticity of demand for Hbots?

Now suppose that the above corresponds to sales of Hbots of all colours. Suppose that BI industries were thinking of changing the price of only green Hbots, would you expect that the demand elasticity for green Hbots to more elastic/less elastic/or the same as your answer above?

Group of answer choices

-2, the same

-2.5, more elastic

-2.5, less elastic

-2, more elastic