A monopolist can sell 10000 units at a price of 5 per unit
A monopolist can sell 10,000 units at a price of $5 per unit. Lowering price by $1 raises the quantity demanded by 2,000 units. What is the change in total revenue resulting from this price change?
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a monopolist can sell 10000 units at a price of 5 per unit lowering price by 1 raises the quantity demanded by 2000
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