What is the percentage change in revenue, Microeconomics

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What is the percentage change in revenue

Problem: A study found that the price elasticity of demand for Google Play apps is -2. This elasticity applies to the city of Cartagena where approximately 50,000 apps per month are sold. If price rises by 5%, what is the effect on quantity demanded? Would revenue rise or fall? What is the percentage change in revenue?

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Microeconomics: What is the percentage change in revenue

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Microeconomics: What is the percentage change in revenue

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