The figure given below shows the demand curve faced by a firm. Figure 24.1 Refer to Figure 24.1 and calculate the revenue gained by the firm when it reduces the price of its product from $8 to $4.
A)$4
B)$8
C)$32
D)$16
E)$10

Question

The figure given below shows the demand curve faced by a firm. Figure 24.1  Refer to Figure 24.1 and calculate the revenue gained by the firm when it reduces the price of its product from $8 to $4.
A)$4 
B)$8 
C)$32 
D)$16 
E)$10

Quizplus · Accepted Answer

The Answer of The figure given below shows the demand curve faced by a firm. Figure 24.1  Refer to Figure 24.1 and calculate the revenue gained by the firm when it reduces the price of its product from $8 to $4.
A)$4 
B)$8 
C)$32 
D)$16 
E)$10

The Figure Given Below Shows the Demand Curve Faced by a Firm