10. Can a price increase lead to lower revenue? Suppose a bookstore sells 15 books a day. The price of one book increases from $10 to $12. At this price, the store sells 10 books a day. Discuss the revenue of the store in this case.
10. Can a price increase lead to lower revenue? Suppose a bookstore sells 15 books a day. The price of one book increases from $10 to $12. At this price, the store sells 10 books a day. Discuss the revenue of the store in this case.
Chapter1: Making Economics Decisions
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Question 10 (page142)
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Transcribed Image Text:10. Can a price increase lead to lower revenue? Suppose a
bookstore sells 15 books a day. The price of one book
increases from $10 to $12. At this price, the store sells 10
books a day. Discuss the revenue of the store in this case.
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