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Question 287

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Use the following to answer questions:
Figure: The Demand Curve Use the following to answer questions: Figure: The Demand Curve   -(Figure: The Demand Curve)  Look at the figure The Demand Curve. If the price is $8, total revenue is _____. If the price is $7, total revenue is _____. A)  $24; $16 B)  $14; $21 C)  $16; $21 D)  $10; $10
-(Figure: The Demand Curve) Look at the figure The Demand Curve. If the price is $8, total revenue is _____. If the price is $7, total revenue is _____.


A) $24; $16
B) $14; $21
C) $16; $21
D) $10; $10

Correct Answer:

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