In 2022, Aether Tech announced the launch of its new Horizon VR 3 headset. It was estimated that at a retail price of £800, Aether Tech would sell 42 million units worldwide. Industry analysts suggested these sales would rise to 53 million units if the price was reduced to £680.
What is the price elasticity of demand?
−1.75-1.75−1.75
−1.43-1.43−1.43
−0.57-0.57−0.57
1.251.251.25
