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Calculate the price elasticity of demand (PED) for Alexa if the price increases from $130 to $140. (Approximate numbers read off the chart are ok.)

Calculate the price elasticity of demand (PED) for Alexa if the price increases from $130 to $140. (Approximate numbers read off the chart are ok.) Given this price increase, would total revenue increase or decrease? Explain why.

quantity is 1000

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