Figure: The Demand for Shirts Price of shirts A $60 50 40 30 20 F 10 100 200 300 400 500 600 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 S-2500 O $2000 O $2500 O $-2000 O none of these options is correct CAssume That Dimin

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Figure: The Demand for Shirts
Price
of
shirts
A
$60
50
40
30
E
20
10
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 $2000
O $2500
O $-2000
O none of these options is correct
C Assume That Diminishing
https://wwww.chege
Transcribed Image Text:Figure: The Demand for Shirts Price of shirts A $60 50 40 30 E 20 10 100 200 300 400 500 600 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 $2000 O $2500 O $-2000 O none of these options is correct C Assume That Diminishing https://wwww.chege
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