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Harry Dunne owns a pet grooming service. Harry has found, after he changes his prices, customers respond proportionately more in terms of how many pet

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Harry Dunne owns a pet grooming service. Harry has found, after he changes his prices, customers respond proportionately more in terms of how many pet grooming services they buy. That is, customers change the amount of services they buy by a larger percentage than what Harry changes his prices by. Harry is thinking about raising prices across the board on his services. Given what I have described, we expect total revenue to if Harry increases prices. rise O fall O remain unchanged O more information is needed

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