Suppose the demand for parking at campus is given by P 5 -0.02Q. where Pis the price in dollars and Qis the quantity demanded. Suppose the current price is $2.50, if the goal is to increase total revenue, would you recommend increasing the price of parking from $2.50 to $3.00? Briefly (in a sentence or two) explain your answer.

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A: Option (d).

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