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Suppose Tim, the owner-manager of a local hotel, projects the following demand for his rooms: Price...

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Economics

Suppose Tim, the owner-manager of a local hotel, projects the following demand for his rooms: Price Quantity Purchased ($) (per Day) 901001358018070 The price elasticity of demand between $90 and $135 is   in absolute value. This means that if Tim raises the price from $90 to $135, his total revenue will   . The price elasticity of demand between $135 and $180 is   in absolute value. This means that if Tim raises the price from $135 to $180, his total revenue will   .

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