ssume the coefficient of price elasticity oAssume the coefficient of price elasticity of demand for your product is 1.20. What will be the effect on total revenue and quantity demanded when you increase the price of your product by 9.0%f demand for your product is 0.60. What will be the effect on total revenue and quantity demanded when you increase the price of your product by 10.0%? Assume the coefficient of price elasticity of demand for your product is 1.20. What will be the effect on total revenue and quantity demanded when you increase the price of your product by 9.0%