The Figure Given Below Shows the Demand Curve Faced by a Firm

question 67

Multiple Choice

The figure given below shows the demand curve faced by a firm. Figure 10.1 Refer to Figure 10.1 and calculate the revenue gained by the firm when it reduces the price of its product from $8 to $4.

• A)$4
• B)$8
• C)$32
• D)$16
• E)$10

---

Definitions:

Brain Stem

The part of the brain at the top of the spinal cord, consisting of the medulla and the pons.

Sleeping

A natural, reversible state of reduced responsiveness to external stimuli and relative inactivity, accompanied by a loss of consciousness.

Dreaming

A series of thoughts, images, or emotions occurring during sleep, often reflecting unconscious desires or concerns.

Somatic Nervous System

A part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.