Ali open the electronic store and his sell two different goods which is phone and printer. The price elasticity of the phone is-3.0 and revenue earn from per month good is 16000. Revenue earn from printer is 4000 per month. The cross price elasticity for both is -2.6. If the price of phone is increased by 10%, calculate the new total revenue for both goods
Ali open the electronic store and his sell two different goods which is phone and printer. The price elasticity of the phone is-3.0 and revenue earn from per month good is 16000. Revenue earn from printer is 4000 per month. The cross price elasticity for both is -2.6. If the price of phone is increased by 10%, calculate the new total revenue for both goods
Chapter1: Making Economics Decisions
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Ali open the electronic store and his sell two different goods which is phone and printer. The price elasticity of the phone is-3.0 and revenue earn from per month good is 16000. Revenue earn from printer is 4000 per month. The cross price elasticity for both is -2.6. If the price of phone is increased by 10%, calculate the new total revenue for both goods
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