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the ABC company manufactures digital clock radios and sells on average 3,000 monthly at $25 each to retail stores.

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June 7th, 2024

the ABC company manufactures digital clock radios and sells on average 3,000 monthly at $25 each to retail stores. its closest competitor produces a similar type of radios that sell for $28.a. if the demand for abc products has an elasticity coefficient of -3, how many will it sell per month if the price is lowered to $22b. the competitors decreases its price to $24. if cross-price elasticity between the two radios is 0.3, what will ABC monthly sales be?

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