Consider the Price and Quantity Data Below for a Perfectly

question 85

Multiple Choice

Consider the price and quantity data below for a perfectly competitive firm producing mousetraps. $$\begin{array}{l}\begin{array} { | l | l | } \hline \text { Price } ( \$ ) & \text { Quantity } \\\hline 5 & 1000 \\\hline 5 & 1250 \\\hline 5 & 1500 \\\hline 5 & 1750 \\\hline 5 & 2000 \\\hline\end{array}\\\text { TABLE 9- } 1\end{array}$$
-Refer to Table 9- 1. Suppose this firm is currently selling 1750 mousetraps at the market price of $5. If the firm raises its price to $6, it's average revenue will be

• A) $5.
• B) greater than $6.
• C) $6.
• D) $0.
• E) between $5 and $6.