Price of 1/.. shirts S60 50 40 30 20 10 G 100 200 300 400 500 600 Quantity demanded (per day) (Figure: The Demand for Shirts) Look at the figure The Demand for Shirts. If the firms decrease Shirts price from $40-$30, what is the change in revenue from the price effect. O $2500 O $-2500 O none of these options is correct O $-2000 O $2000

Price of 1/.. shirts S60 50 40 30 20 10 G 100 200 300 400 500 600 Quantity demanded (per day) (Figure: The Demand for Shirts) Look at the figure The Demand for Shirts. If the firms decrease Shirts price from $40-$30, what is the change in revenue from the price effect. O $2500 O $-2500 O none of these options is correct O $-2000 O $2000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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