Question: Suppose for a particular commodity, e : 1.6 and that currently 90,000 units are selling for $18 each. How does a 1 % increase in

Suppose for a particular commodity, e : 1.6 and that currently 90,000 units are selling for $18 each. How does a 1 % increase in the price affect the revenue? A 1 % increase in price the total revenue by $ 145899?9

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