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~ Price elasticity of demand for a Hilltop cupcake is calculated to be relatively inelastic. In a typical hour, Hilltop sells 100 cupcakes at a

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~ Price elasticity of demand for a Hilltop cupcake is calculated to be relatively inelastic. In a typical hour, Hilltop sells 100 cupcakes at a price of $2.00 per cupcake. W t is expected hourly revenue impact if Hilltop raises price to $2.50 per c cake? Group of answer choices A. Revenue will likely decrease since the firm is moving up the demand - curve B. Revenue will likely increase since the firm is moving up the demand curve C. Revenue will likely decrease since the demand curve shifts inwards D. Revenue will likely increase since the demand curve shifts outwards 'E. None of the above

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