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Con sider. once again, the market for Amazon Alexa speaker devices. P (5} 5 150 140 130 120 100 D 10 20 30 4o 500:1.0001

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Con sider. once again, the market for Amazon Alexa speaker devices. P (5} 5 150 140 130 120 100 D 10 20 30 4o 500:1.0001 (a) Calculate the price elasticity of demand (FED) for Alexa if the price increases from $120 to $130. (Approximate numbers read off the chart are ok.) (2 marks) (b) Given this price increase. would Amazon's total revenue increase or decrease? Explain why. (2 marks]

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