Figure 5-5

-Refer to Figure 5-5.At a price of $12 per unit,sellers' total revenue equals
A) $150.
B) $200.
C) $288.
D) $364.

Name: Figure 5-5 -Refer to Figure 5-5.At a price of $12 per unit,sellers' total revenue equals A) $150. B) $200. C) $288. D) $364.
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Question

Figure 5-5
 
-Refer to Figure 5-5.At a price of $12 per unit,sellers' total revenue equals
A) $150. 
B) $200. 
C) $288. 
D) $364.

Quizplus · Accepted Answer

At a price of $12 per unit, sellers can sell a total of 24 units (where the supply and demand curves intersect). Therefore, the total revenue would be 24 x $12 = $288.

Figure 5-5 -Refer to Figure 5-5.At a Price of $12 Per Unit,sellers