Refer to the figure below. At a price of $2, the total expenditure on lattes each hour equals:
A)$30.
B)$40.
C)$60.
D)$80.

Name: Refer to the figure below. At a price of $2, the total expenditure on lattes each hour equals: A)$30. B)$40. C)$60. D)$80.
Brand: Quizplus
Rating: 4.7 (35 reviews)

Question

Refer to the figure below. At a price of $2, the total expenditure on lattes each hour equals: 
A)$30. 
B)$40. 
C)$60. 
D)$80.

Quizplus · Accepted Answer

At a price of $2, the quantity demanded of lattes is 30. Therefore, the total expenditure on lattes each hour is:
30 lattes x $2 per latte = $60.

Refer to the Figure Below