Question

The demand for an economics textbook is given by: P = 60 -0.5Q, where P is the price in

dollars of a textbook and Q is the quantity demanded of textbooks (per week).

Suppose the current price is $40, if the goal of the seller is to increase total sales revenue, would you recommend increasing the price of a textbook from $40 to $50? Briefly (in a sentence or two) explain your answer.

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