Refer to the Information Provided in Scenario 5 Below to Answer

Essay

Refer to the information provided in Scenario 5 below to answer the following questions.
SCENARIO 5: In 1999 Disk Monger sold 1,100 digital video disks (DVD) at a price of $15 each. Across the street, Audio Haven sold 700 DVD players at a price of $500 each. In 2000, Audio Haven reduced the price of DVD players to $250 each and sold 3,000 players. In the same year, Disk Monger sold 1,300 DVDs at a constant price of $15 each.
-Refer to Scenario 5. What will be the effect on total revenue for Audio Haven if it raises the price for DVD players?