Business, 14.04.2020 18:02 lisabrewer18

Assume lawyer services are priced by the hour and elasticity of demand for a particular lawyer is 0.6. If she were to increase her hourly rate by 50%, we would expect the quantity demanded of her advice would by , and revenue from her business would .

A. fall, 83%, rise
B. rise, 83%, fall
C. fall, 30%, rise
D. rise, 30%, rise.

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Assume lawyer services are priced by the hour and elasticity of demand for a particular lawyer is 0....