When price equals £4, 250 units of a good are demanded, but when the price is reduced to £3, 400 units are demanded. The revenue gained from decreasing the price is _____.
A) £200
B) £1200
C) £1000
D) £500

Name: When price equals £4, 250 units of a good are demanded, but when the price is reduced to £3, 400 units are demanded. The revenue gained from decreasing the price is _____. A) £200 B) £1200 C) £1000 D) £500
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is A

When Price Equals £4, 250 Units of a Good Are