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If the elasticity for computers at the current price is at 6.4, what would happen to total revenues if a computer manufacturer doubled its price?

If the elasticity for computers at the current price is at 6.4, what would happen to total revenues if a computer manufacturer doubled its price?
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If the elasticity for computers at the current price is at 6.4, what would happen to total revenues if a computer manufacturer doubled its price?

User Tomas Reimers
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2 Answers

4 votes

The answer would be They go down drastically

User Basement
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3 votes
They would go down drastically fast.
User Andrii Kudriavtsev
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