% Change in Price % Change in Quantity Elasticity
Demand in Soda
at a movie theatre +10% -2% ______
Coffee ______ 10% -.4
Gas Station 20% _____ -2.0
Determine how a 10% increase in price in soda at a movie theatre, coffee, and one local gas station will affect the total revenue collected from the price increase. Show your work.
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