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1. Problem: If a company decides to change its price by 20% to P 392 per pair, how much will be the effect of this

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1. Problem: If a company decides to change its price by 20% to P 392 per pair, how much will be the effect of this to its total revenue? It is expected that the volume of sales will be increased from 1 million units to 1.1 million units. Compute the Pde and determine its type. Is the company's decision correct? Why? (10 pts.)

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