ASsume Pfizer develops a new booster vaccine for Covid. They sell the vaccine for $100, and the quantity demanded is 0.5 million sold per day. ASsume the price elasticity of demand for the vaccine is 1.3 in absolute value. If Pfizer improves the technology used to produce the booster vaccine, what will happen to Pfizer's revenue from the sale of the booster vaccine? It will rise because the demand for the vaccine is so insensitive to price o It will fall because the demand for the booster is inelastic. It will rise because the percent change in price is less than the percent change in quantity demanded.

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