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suppose the sell of textile cloth Mr. Eric wants to lower the price of his cloth from 150 per meter to 142.5 per meter.if his

suppose the sell of textile cloth Mr. Eric wants to lower the price of his cloth from 150 per meter to 142.5 per meter.if his present sales are 2000 meters per month and the price elasticity of demand for the product is 0.07 show

a) whether or not his total revenue will increase after lowering the price

b) calculate the exact magnitude of its new total revenue

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