Economics Homework Help
Learning Engagement Discussion
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You are selling a product. You want to increase the revenue of selling that product. Should you increase the price? Yes or no? Clarify your answer.
PROFESSOR’S GUIDANCE FOR THIS WEEK’S LE:
Revenue = Quantity * price.
Use the above equation to answer the LE question. Can you increase the revenue by increasing the price? What is the about equation tells you?
