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Precalculus did ministrator of a country museum is considering increasing the price of an annual pass by 1% from $50 to $50.50. at the
Precalculus did ministrator of a country museum is considering increasing the price of an annual pass by 1% from $50 to $50.50. at the current price, the museum sells 4000 annual passes and the point of elasticity is 0.73. What effect would the increase in price have on the museums annual pass revenue? A 1% increase in price the total revanue by $
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