Try another version of these questions Suppose that you know that the price elasticity of demand is 2. If we increase the price of the this product, then that the total revenue will Hint Box 1: Select the best answer Suppose that you know that the price elasticity of demand is 1.1. If we decrease the price of the this product, then that the total revenue will Hint Box 1: Select the best answer Suppose that when the store increases the price of peanut butter from $2.5 to $3.6, quantity demanded decreased from 200 to 170. What is the change in total revenue as a result of this price change. Make sure to include a negative sign in your answer if necessary. Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity