10. A firm adopts a technology that allows you to increase your output by 15%. If the elasticity of demand in the US is -3, how should you adjust your price if you want to sell all of your output?" a. 5% lower. [correct, 960Q=e(96AP]. Therefore an 15% increase in Q = -3(96AP], hence "GAP =-59%] b. 0.5% lower. [Remember, 64Q= e(964)] C 15% higher. [Remember, 9%4Q= e(964P)] d. 15% lower. [Remember, 9:4Q= e(94F)]