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Studys found that the elasticity of demand for Google Play apps is 3.7. This elasticity applies...

Studys found that the elasticity of demand for Google Play apps is 3.7. This elasticity applies to a small college town where approximately 1,000 apps per month are sold. If price rises by 3%, what would be the effect on revenue?

A. The revenue will rise by 8.4%.

B. The revenue will fall by 8.4%.

C. The revenue will rise by 5.4%.

D. The revenue will fall by 5.4%.

I got 13.5 for some reason.

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