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You are the manager of a firm that receives revenues of $ 5 0 , 0 0 0 per year from product x and $

You are the manager of a firm that receives revenues of $50,000 per year from product x and $90,000 per year from product Y. The own price elasticity of demand for product x is -3, and the cross-price elasticity of demand between product Y and x is 1.6.
How much will your firm's total revenues (revenues from both products) change if you increase the price of good x by 2 percent?
Instructions: Enter your response rounded to the nearest dollar. If you are entering a negative number, be sure to use a (-) sign.
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