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Nike is manufacturing Tiger Woods golf clubs. At a price of $1000, the quantity demanded of these golf clubs is 150. Suppose the price elasticity of...

Nike is manufacturing Tiger Woods golf clubs. At a price of $1000, the quantity demanded of these golf clubs is 150. Suppose the price elasticity of demand for Tiger Woods golf clubs is -.6 at all prices. Suppose Nike increases the price from $1000 to $1100. How much does total revenue change due to this price increase?

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