You are the manager of a firm that receives revenues of $40,000 per year from productXand $90,000 per year from productY. The own price elasticity of demand for productXis -1.5, and the cross-price elasticity of demand between productYandXis -1.8.

How much will your firm's total revenues (revenues from both products) change if you increase the price of goodXby 2 percent?

Instructions:Enter your response rounded to the nearest dollar. Use a negative sign (-) if applicable.