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Answer to Question #232623 in Economics of Enterprise for Shaun

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


1
Expert's answer
2021-09-02T16:43:58-0400

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


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