Question

The ACMEACME Corporation determines that at current​ prices, the demand for its computer chips has a...

The

ACMEACME

Corporation determines that at current​ prices, the demand for its computer chips has a price elasticity of

minus−2

in the short​ run, while the price elasticity for its disk drives is

minus−1.

If the corporation decides to raise the price of both products by

4040

​percent, what will happen to its​ sales?

Sales of computer chips will

decrease

by

8080

percent and sales of disk drives will

decrease

by

404 0

percent.

​(Enter

your responses here and below using

integers.​)

What will happen to sales​ revenue?

Computer chip sales revenue will

?

by

?

percent and disk drive sales revenue will

?

by

?

percent.

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