Refer to the Accompanying Table,which Represents the Costs and Production

question 94

Multiple Choice

Refer to the accompanying table,which represents the costs and production for a monopolist,to answer the following questions.

-When a monopolist lowers a price from $80 to $70,the quantity that the firm is able to sell increases from 100 to 150.The change in revenue associated with the price effect is equal to

• A) $3,500.
• B) -$3,500.
• C) $1,000.
• D) -$1,000.
• E) $4,000.

---

Definitions:

Advanced Shipping Notice

A document provided by a supplier to a customer that details the contents and details of a shipment before it arrives.

Retailers

Businesses or individuals that purchase goods from manufacturers or wholesalers and sell them directly to consumers.

Consumers

End users who purchase goods or services for personal use, driving demand in the economy and influencing market trends and developments.

Indirect Marketing Channel

When one or more intermediaries work with manufacturers to provide goods and services to customers.