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A Poultry Rancher Discovered What When She Increased the Price

Question 97

Multiple Choice

A poultry rancher discovered what when she increased the price of organic eggs from $0.75 to $1.00 per dozen, the sales of her eggs fell from 300 dozen per week to 200 dozen per week. Based on the midpoint method, if she wants to increase her total revenue from egg sales, she should


A) raise the price of eggs even more.
B) hold the price constant at $1.00.
C) reduce the price of eggs back to $0.75.
D) take up dairy farming.

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