Suppose That Quantity Demanded Is 2000 When Price Is $10

question 21

Multiple Choice

Suppose that quantity demanded is 2000 when price is $10 and 3000 when price is $5.If a monopolist who was initially charging a price of $10 discovers a way to divide consumers into two groups and charge one group a higher price,it will be able to increase revenue from $20,000 to

• A) $25,000 by charging consumers with the lower reservation price only $5 and keeping the price for consumers with the higher reservation price at $10.
• B) $35,000 by charging consumers with the higher reservation price only $5 and keeping the price for consumers with the lower reservation price at $10.
• C) $25,000 by charging consumers with the higher reservation price only $5 and keeping the price for consumers with the lower reservation price at $10.
• D) $35,000 by charging consumers with the lower reservation price only $5 and keeping the price for consumers with the higher reservation price at $10.
• E) $45,000 by charging all consumers the higher price.

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Artworks from the 19th-century Impressionist movement, characterized by small, thin brush strokes, open composition, emphasis on light in its changing qualities, and ordinary subject matter.

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A socio-economic theory proposed by Karl Marx, advocating for class struggle and proletarian revolution to overthrow capitalism and achieve a classless society.