At $73 , a firm can sell 4,525 stereo earphones (3.5 mm for android). At this...

At $73 , a firm can sell 4,525 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.4. What is the change in total revenue (+ or -) if the firm drops price by 10%? Round your answer to the nearest dollar.

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jeff jeffy answered 9 months ago

At $80 , a firm can sell 4,715 stereo earphones (3.5 mm for android). At this...

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