Question

Ni Knights Inc. has market research that shows the average gentleman’s demand for shrubberies is qM...

Ni Knights Inc. has market research that shows the average gentleman’s demand for shrubberies is qM = 55 - 2p while the average gentlewoman’s demand for shrubberies is qW = 45 - 6p . The market consists of 100 gentlemen and 100 gentlewomen.

Will Ni Knights Inc. increase or decrease sales revenue if they raise the price of shrubberies? (Provide evidence)

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