Exhibit 5-6 Demand curve for concert tickets In Exhibit 5-6, suppose promoters charge a price of $30 per ticket. How much total revenue will their sales generate?
A) $300,000.
B) $400,000.
C) $500,000.
D) $600,000.

Question

Exhibit 5-6  Demand curve for concert tickets  In Exhibit 5-6, suppose promoters charge a price of $30 per ticket. How much total revenue will their sales generate?
A) $300,000. 
B) $400,000. 
C) $500,000. 
D) $600,000.

Quizplus · Accepted Answer

The Answer of Exhibit 5-6  Demand curve for concert tickets  In Exhibit 5-6, suppose promoters charge a price of $30 per ticket. How much total revenue will their sales generate?
A) $300,000. 
B) $400,000. 
C) $500,000. 
D) $600,000.

Exhibit 5-6 Demand Curve for Concert Tickets in Exhibit 5-6