did ministrator of a country museum is considering increasing the price of an annual pass by 1% from $50 to $50.50. at the

Question

did ministrator of a country museum is considering increasing the price of an annual pass by 1% from $50 to $50.50. at the current price, the museum sells 4000 annual passes and the point of elasticity is 0.73. What effect would the increase in price have on the museums annual pass revenue? the total revanue A 1% increase in price by $

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