Multiple Choice
A car wash currently sells 30 car washes a day at a price of $5. Total daily revenue is now $150. If they lower their price to $3,
A) total revenue will fall if the number of washes sold only rises to 40.
B) total revenue will remain unchanged if the number of washes sold rises to 50.
C) total revenue will increase if the number of washes sold rises to 60.
D) all of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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