Question: Please solve Suppose for a particular commodity, & = 1.4 and that currently 70,000 units are selling for $20 each. How does a 1 %

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Suppose for a particular commodity, & = 1.4 and that currently 70,000 units are selling for $20 each. How does a 1 % increase in the price affect the revenue? A 1 % increase in price Select an answer @ the total revenue by $

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