A firm is currently selling10,000 units of its product per month. The firm plans to reduce the retaill price from ₹ 1 to ₹ 0.90 . From the previous experience, the film known that the price elasticity of demand for the product is (-) 1.5. Assuming no other changes,the firm can now expect the sales of :

A firm is currently selling10,000 units of its product per month. The

1.	A firm is currently selling10,000 units of its product per month. The firm plans to reduce the retaill price from ₹ 1 to ₹ 0.90 . From the previous experience, the film known that the price elasticity of demand for the product is (-) 1.5. Assuming no other changes,the firm can now expect the sales of :
Answer» 8,500 UNITS 10,500 units 11,000 units 11,500 units Solution :N/a