At $80 , a firm can sell 4,670 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.2. What is the change in total revenue (+ or -) if the firm drops price by 10%? Round your answer to the nearest dollar.
At $80 , a firm can sell 4,670 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at
2.2. 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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