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A Monopolist Can Sell 10,000 Units at a Price of $17

Question 55

Multiple Choice

A monopolist can sell 10,000 units at a price of $17. Lowering price by $2 raises the quantity demanded by 2,000 units. What is the change in total revenue that results from this price change?


A) $10,000
B) $4,000
C) $180,000
D) $90,000

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