A Monopolist Can Sell 26,000 Units at a Price of $30

question 91

Multiple Choice

A monopolist can sell 26,000 units at a price of $30 per unit. Lowering price by $1 raises the quantity demanded by 1,000 units. What is the change in total revenue resulting from this price change?

• A)$1,500
• B)$3,000
• C)$5,500
• D)-$2,800

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