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When the Price of Chocolate-Covered Peanuts Decreases from $1

Question 44

Multiple Choice

When the price of chocolate-covered peanuts decreases from $1.10 to $0.95,the quantity demanded increases from 190 bags to 215 bags.If the price is $1.10,total revenue is _____,and if the price is $0.95,total revenue is _____.


A) $209;$204.25
B) $209;$236.50
C) $236.50;$209
D) $180.50;$209

Correct Answer:

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