At a price of $165 a firm can sell 16750 stereo headphones at this price elasticity is

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At a price of $165 a firm can sell 16750 stereo headphones at this price elasticity is estimated to be 0.7. What is the change in total revenue if the firm drops its price by8%?

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Managerial Economics A Problem Solving Approach

ISBN: 978-1133951483

3rd edition

Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War

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Posted Date: Nov 15, 2023 05:23 AM

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At a price of $165 a firm can sell 16750 stereo headphones at this price elasticity is

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To calculate the change in total revenue when the firm drops its price by 8 we need to first determi... View the full answer

Managerial Economics A Problem Solving Approach

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