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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?

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User Michal Rogozinski
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7.7k points

1 Answer

3 votes
They would go down drastically.
hope it helps
answered
User Arturo Mendes
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8.2k points
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