[munchler]

> traditional economics predicts that raising a price results in fewer units—and fewer units, even at a higher price, means less revenue

This is false and a very basic mistake. Sometimes higher prices lead to more revenue, even with fewer units sold.

[mike_hock]

In this case it certainly does, since the price is less than 1% higher for items priced above $1, .1% above $10, etc.