The Price Elasticity of Demand for DVD Players Manufactured by Sony

question 49

Multiple Choice

The price elasticity of demand for DVD players manufactured by Sony of Japan is greater than one. If the Japanese yen appreciates against the U.S. dollar by 10% and the price of the Sony DVD players in the U.S also rises by 10%, then other things equal, the total dollar sales revenues of Sony DVDs would:

• A) decline.
• B) increase.
• C) stay the same.
• D) insufficient information

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