Assume lawyer services have an elasticity of demand of 2.0 in absolute value. Currently, a lawyer charges $300 per consultation and she has 100 consultations per week. If she raises her rate to $375 per consultation (a 25% increase) her revenue wil (use the general formula for elasticity not the midpoint formula) rise from s30.000 per week to $31500 per week rise from $30.000 per week to $33750 per week fall from $30.000 per week to $18750 per week fal from $30,000 per week to s26000 per week

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