Question: Answer Question 8 (10 points) () Listen At $184, a firm can sell 17,945 stereo earphones (3.5 mm for android). These are premium earphones, guaranteed

 Answer Question 8 (10 points) () Listen At $184, a firm

Answer Question 8 (10 points) () Listen At $184, a firm can sell 17,945 stereo earphones (3.5 mm for android). These are premium earphones, guaranteed for 5 years. At this price, elasticity is estimated at 0.6. What is the change in total revenue (+ or -) if the firm drops price by 10%? Your

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