(Solution Library) If the data is as shown in question What is the elasticity of demand at the profit maximizing level of output? WITHOUT THE USE OF ANY

Question: If the data is as shown in question

What is the elasticity of demand at the profit maximizing level of output?
WITHOUT THE USE OF ANY CALCULATIONS, determine whether the firm's total revenue would increase, decrease, or stay the same if CRAPCO attempted to increase its price by .28 How do you know. What would happen to profits?
Is the original price a "market clearing" price? How do you know?

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(Solution Library) If the data is as shown in question What is the elasticity of demand at the profit maximizing level of output? WITHOUT THE USE OF ANY

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