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urgent answer needed please!! Use the following information to answer questions 015 Q16 The XYZ Corporation currently sells 5,000 units/month of a product at $5

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urgent answer needed please!!

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Use the following information to answer questions 015 Q16 The XYZ Corporation currently sells 5,000 units/month of a product at $5 per unit, which cost the company $3 to produce and market. Suppose the current price elasticity is 142, and the unit cost (iie., $3) stays constant. If the company increases the price to $5.5, how many units can the company sell? Select one: 0 a. 4,000 O b. 4,400 O c. 4,500 0 d. 4,800 If the company increases the price to $5.5, will the profit increase or decrease? Select one: Q a. The profit will increase 0 b. The profit will decrease O c. The profit will stay the same

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