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Remaining Time: 1 hour, 04 minutes, 28 seconds. Question Completion Status: QUESTION 12 In honor of the 1992 Bronze winning Lithuanian men's basketball team, you

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Remaining Time: 1 hour, 04 minutes, 28 seconds. Question Completion Status: QUESTION 12 In honor of the 1992 Bronze winning Lithuanian men's basketball team, you have been selling tiedye Skullman t-shirts on eBay. You are currently selling the t-shirts with a "Buy It Now" price of $25 (i.e., there is no bidding, customers can only purchase at this price). Suppose you also know that the demand for your t-shirts is described by Q = 500 - 2P (and inverse demand is described by P = 250 - 0.5Q). If your goal were to maximize revenue, what should you do? Keep prices at $25 per t-shirt Increase prices to $50 per t-shirt O Lower price to $20 per t-shirt Increase prices to $250 per t-shirt Increase prices to $125 per t-shirt STION 13

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