Table 14-2
the Table Represents a Demand Curve Faced by a Firm

question 136

Multiple Choice

Table 14-2
The table represents a demand curve faced by a firm in a competitive market.
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$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Price } \\\text { (Dollarsper unit) }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} \\\hline 5 & 0 \\\hline 5 & 1 \\\hline 5 & 2 \\\hline 5 & 3 \\\hline 5 & 4 \\\hline 5 & 5 \\\hline\end{array}$$
-Refer to Table 14-2. For this firm, the average revenue from selling 4 units is

• A)$0.
• B)$1.
• C)$5.
• D)$4.

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Definitions:

Colorado Springs

A city located in the state of Colorado, USA, known for its picturesque landscapes and proximity to the Rocky Mountains.

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A coastal city in California, known for its beaches, parks, and warm climate.

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Recently manufactured vehicles that have not been previously owned.

Buyers' Incomes

Refers to the total earnings of consumers, which directly affect their purchasing power and demand for goods and services.