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Liz is selling hand made door signs on eBay. The signs are currently priced at $40/shirt. Liz is not happy with her current revenue stream
Liz is selling hand made door signs on eBay. The signs are currently priced at $40/shirt. Liz is not happy with her current revenue stream and asks Brad for advice. Brad estimates that the demand Liz's signs is: Q = 1000 - 10P (P = 100 - 0.1Q). If Liz is looking to maximize revenue, what should Brad's recommendation be?
Group of answer choices
Keep prices at $40/shirt
Raise prices to $50/shirt
Lower price to $20/shirt
Lower price to $25/shirt
Raise prices to $80/shirt
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