The ACME Corporation determines that at current prices the demand for its computer chips has a price

Question:

The ACME determines that at current prices the demand for its computer chips has a price elasticity of -2 in the short run, while the price elasticity for its disk drives is -1.
a) If the decides to raise the price of both products by 10%, what will happen to its sales? To its sales revenue?
b) Can you tell from the available information which product will generate the most revenue? If yes, why If not, what additional information do you need?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...