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Your friend is a publisher. He tells you that if he raises the price of a book for 5 dollars (so the new price is

Your friend is a publisher. He tells you that if he raises the price of a book for 5 dollars (so the new price is 5 dollars higher than the old price), then his sales decrease for 100 copies (so the new sales is 100 copies fewer than old sales). He wants to know if he actually does this price change, what happens to his revenue (goes up, goes down or stay the same). What is your suggestion to him?

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