Question: Consider the same situation from the previous question: In raising its price from $6 to $7, the quantity demanded of burritos from Chipotle falls from

Consider the same situation from the previous question: In raising its price from $6 to $7, the quantity demanded of burritos from Chipotle falls from 12 units to 11.

As discussed in class, there are two effects on revenue: it rises because the per-unit price has gone up, but shrinks because fewer units are sold. How much does revenue decrease because of the reduction in quantity?

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