Will revenue increase or decrease

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Revenue and elasticity. Refer to Problem. If the current price of an order of fries is $1.29, will a 10% price decrease cause revenue to increase or decrease?

Problem
Revenue and elasticity. The price demand equation for an order of fries at a fast-food restaurant is x+1,000p=2,500

Currently, the price of an order of fries is $0.99. If the price is decreased by 10%, will revenue increase or decrease?

Reference no: EM131268750

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