A monopolist can sell 26,000 units at a price of $30 per unit. lowering price by $1 raises the quantity demanded by 1,000 units. what is the change in total revenue resulting from this price change?
a. $1,500
b. $3,000
c. $5,500
d. - $2,800
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Home » Business » A monopolist can sell 26,000 units at a price of $30 per unit. lowering price by $1 raises the quantity demanded by 1,000 units. what is the change in total revenue resulting from this price change? a. $1,500 b. $3,000 c. $5,500 d. - $2,800