In this question, assume that all variables other than price and quantity are held constant. At Betty's Burgers, the hamburgers have a price elasticity of demand = 2.05, and Betty increases her quantity sold by 75%. Betty must have Betty must have changed her price by (round your answer to one decimal) Due to the price change, Betty's total revenue will

In this question, assume that all variables other than price and quantity are held constant. At Betty's Burgers, the hamburgers have a price elasticity of demand = 2.05, and Betty increases her quantity sold by 75%. Betty must have Betty must have changed her price by (round your answer to one decimal) Due to the price change, Betty's total revenue will

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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