What is the percentage change in revenue?

Homework: Chapter 3 Homework Score: 0 of 12 pts 4 1 of 7 (1 complete) v } HW Score: 0%, 0 of 50 pts Text Question 1.12 25 Question Help Q Ghose and Han (2014) found that the elasticity of demand for Google Play apps is - 3.7. This elasticity applies to a small college town where approximately 1,000 apps per month are sold. If price rises by 8%, what would be the effect on quantity demanded? The quantity demanded will decrease by 29.6 percent. (Enter your response rounded to one decimal place.) Would revenue rise or fall? Revenue would fall What is the percentage change in revenue? The change in revenue is percent. (Enter your response rounded to two decimal places.)