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Homework answers / question archive / If your restaurant raises the price for a lasagna entree from $12 to $13, the restaurant's total revenue will go up if: a

If your restaurant raises the price for a lasagna entree from $12 to $13, the restaurant's total revenue will go up if: a

Economics

If your restaurant raises the price for a lasagna entree from $12 to $13, the restaurant's total revenue will go up if:

a. Price elasticity of lasagna is -2.0

b. Income elasticity suggests your lasagna is a "normal" good

c. The lasagna item has an inelastic demand

d. The parking garage next to the restaurant increases prices by 25%

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