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Revenue and elasticity The price demand equation for hamburgers at a fast food restaurant is...

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Revenue and elasticity The price demand equation for hamburgers at a fast food restaurant is x 400p 3 000 Currently the price of a hamburger is 3 00 If the price is increased by 10 will revenue increase or decrease Revenue and elasticity Refer to Problem 85 If the current price of a hamburger is 4 0 will a 10 price increase cause revenue to increase or decrease

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