Please help me with this question, i can't understand CAAt $87, a firm can sell 4,660 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 firmdrops price by 11% ? Round your answer to the nearest dollar.Your Answer:

price of stereo ear phones=$87 Quantity Supplied=4660 unit Es=Elasticity of supply is 2.2 The…

At $87, a firm can sell 4,660 stereo earphones (3.5 mm for android) elasticity is estimated at 2.2. What is the change in total revenue (+ drops price by 11% ? Round your answer to the nearest dollar,

At $87, a firm can sell 4,660 stereo earphones (3.5 mm for android) elasticity is estimated at 2.2. What is the change in total revenue (+ drops price by 11% ? Round your answer to the nearest dollar,

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter20: Elasticity: Demand And Supply

Section: Chapter Questions

Problem 11E: The price elasticity of the demand for gasoline is -0.02. The price elasticity of demand for...

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Please help me with this question, i can't understand

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At $87, a firm can sell 4,660 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 11% ? Round your answer to the nearest dollar.
Your Answer:

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