[Solution] The price elasticity of demand is -2.0 for a certain firm's product. If the firm raises price, the firm manager can expect total revenue to: decrease.
Question: The price elasticity of demand is -2.0 for a certain firm's product. If the firm raises price,
the firm manager can expect total revenue to:
- decrease.
- increase.
- remain constant.
- either increase or remain constant, depending upon the size of the price increase.
Deliverable: Word Document 
![[See Solution] Suppose Q x d =](/images/solutions/MC-solution-library-33710.jpg "[See Solution] Suppose Q x d = 10,000 - 2 P x + 3 P y - 4.5M ,")
[See Solution] Suppose Q x d = 10,000 - 2 P x + 3 P y - 4.5M ,
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![[See Steps] Suppose market demand and supply](/images/solutions/MC-solution-library-33713.jpg "[See Steps] Suppose market demand and supply are given by Q d")
[See Steps] Suppose market demand and supply are given by Q d
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