Market for ABC company’s clothing ABC clothing company produces clothing that is sold online and in catalogs, which is catered to a lower income consumer. Suppose the company’s demand curve for 2019 was the following:   Qd = 2000 – 150P +1.1A + 15PDEF   And the company’s supply curve was Qs = 250 + 5P,   where Qd is the quantity of product demanded for ABC company clothing P = the average price of goods produced by ABC company A = Advertising expenditures in dollars PDEF = the average price of DEF clothing, a competitor’s clothing, in dollars Qs is the quantity of product supplied for ABC company’s clothing Calculate the price elasticity of demand for good ABD. Based on your answer, if the company increases prices, what will happen to total revenue?

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