Answer to Question #232623 in Economics of Enterprise for Shaun

Economics of Enterprise

Question #232623

The price falls from $10.00 to $9.50, and the quantity demanded rises from 100 units to 110 units. What does total revenue equal at the lower price

Expert's answer

"Total \\space revenue=price \\times quantity\\\\=9.5\\times110\\\\=\\$ 1045"

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