Question: Nataraj ( 2 0 0 7 ) finds that a 8 0 % increase in the price of water for heavy users in Santa Cruz

Nataraj (2007) finds that a 80% increase in the price of water for heavy users in Santa Cruz caused the quantity of water they demanded to fall by an average of 20%.(Before the increase, heavy users initially paid $1.55 per unit, but afterwards they paid $2.79 per unit.) In percentage terms, how much did their water expenditure (price times quantity)which is the water company's revenuechange?
With the price increase, the company's revenue changed by %.(Enter your answer rounded to two decimal places.)
Nataraj ( 2 0 0 7 ) finds that a 8 0 % increase

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