Business, 16.02.2021 01:00 pleasehelpme666

When a certain bicycle is sold for $177, a bike shop sells 300 bicycles per week and the elasticity of demand is =−0.333. When the price of the bicycles increases from $177 to $212, the percent change in price is 19.77%. What is the percent change in revenue for the bike shop? radioImage a) 24% radioImage b) -12% radioImage c) -8.9% radioImage d) 12%

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When a certain bicycle is sold for $177, a bike shop sells 300 bicycles per week and the elasticity...