The figure given below shows the demand curve faced by a firm. Figure 10.1 Refer to Figure 10.1 and calculate the revenue gained by the firm when it reduces the price of its product from $8 to $4.

Question

The figure given below shows the demand curve faced by a firm. Figure 10.1  Refer to Figure 10.1 and calculate the revenue gained by the firm when it reduces the price of its product from $8 to $4.

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The Answer of The figure given below shows the demand curve faced by a firm. Figure 10.1  Refer to Figure 10.1 and calculate the revenue gained by the firm when it reduces the price of its product from $8 to $4.

The Figure Given Below Shows the Demand Curve Faced by a Firm