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Solve Economics Parking Problem - Increase Revenue $2.50 to $3.00

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please solve economics problem Suppose the demand for parking at campus is given by P=50.02Q, where P is the price in dollars and Q is the quantity demanded. Suppose the current price is $2.50, if the goal is to increase total revenue, would you recommend increasing the price of parking from $2.50 to $3.00 ? Briefly (in a sentence or two) explain your answer..

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please solve economics problem Suppose the demand for parking at campus is given by P=50.02Q, where P is the price in dollars and Q is the quantity demanded. Suppose the current price is $2.50, if the goal is to increase total revenue, would you recommend increasing the price of parking from $2.50 to $3.00 ? Briefly (in a sentence or two) explain your answer.

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Solve Economics Parking Problem - Increase Revenue $2.50 to $3.00

  • 1. please solve economics problem Suppose the demand for parking at campus is given by P=50.02Q, where P is the price in dollars and Q is the quantity demanded. Suppose the current price is $2.50, if the goal is to increase total revenue, would you recommend increasing the price of parking from $2.50 to $3.00 ? Briefly (in a sentence or two) explain your answer.