Answered

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Price Number of Baskets Sold

$ 20 3

18 5

16 7

14 10

12 15

10 30


The table shows the demand schedule facing Nina, a monopolist selling baskets. What is the change in total revenue if she lowers the price from $20 to $18?

$20

$30

$40

$10

Sagot :

I would have to say about 15 and a half
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