Coble Company recently changed the selling price of one of its products. Data concerning sales for comparable periods before and after the price change are presented below. 
The product's variable cost is $15.70 per unit.
-The product's profit-maximizing price according to the formula in the text is closest to:
Definitions:
Government Revenue
The total income received by the government from taxes, fees, and non-tax sources like government-owned enterprises and foreign aid.
Tax Rate
The share of an individual's or corporation's income that is subject to taxation.
Deadweight Loss
A loss in total economic welfare that occurs when the free market equilibrium for a good or a service is not achieved, typically due to taxes, subsidies, or market controls.
Elastic Supply
The condition where the quantity supplied of a good or service changes significantly in response to a change in price.
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