Economics 9708 · AS & A Level · Demand and supply curves

Demand and supply curves — practice question

The table presents the demand schedule for textbooks. What conclusion can be drawn from this information?

  • AProfit would be maximised at a price of $30.
  • BProfit would not change if the price rose from $20 to $30.
  • CRevenue would increase if the price was decreased from $40 to $30.
  • DRevenue would be maximised at a price of $40.

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