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5. Your firm receives revenue of S40MM per year from Product A and SBDMM per year from Product B. The own- price elasticity of demand

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5. Your firm receives revenue of S40MM per year from Product A and SBDMM per year from Product B. The own- price elasticity of demand for Product A is -1.5. The cross-price elasticity of demand between Product A and Product B is -1.5. Suppose you increase the price of Product A bytwo percent: a. How much will Product A's revenue change? b. How much will Product B's revenue change

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