At Fournotts,a Retail Corporation,Riya Saw a Box of Collector's Edition

question 41

Multiple Choice

At Fournotts,a retail corporation,Riya saw a box of collector's edition comic books.Each book was priced at $28.50,but a customer who bought five of the books was required to pay only $19.99 for each book.Riya bought one book and her friend bought five books.In this case,Fournotts' revenue from this purchase is _____.

• A)​$158.51
• B)$19.99
• C)$28.50
• D)​$128.45

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Definitions:

Demand Curve

The Demand Curve is a graphical representation showing the relationship between the quantity of a good consumers are willing to buy and its price, typically downward-sloping.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a particular price level in a given time period.

Dollars per Unit

A measure of cost or value expressed in terms of the amount of dollars per individual unit of a good or service.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single participant can significantly influence prices.