a-monopoly-decreases-its-price-from-10-to-8-if-the-quantity-sold-increases-from-

Question

A monopoly decreases its price from $10 to $8. If the quantity sold increases from 100 units to 150 units, what is the net effect on revenue?

Accepted Answer

Revenue increases by $200

Answer

Revenue decreases by $200

Answer

Revenue decreases by $100

Answer

Revenue remains the same

A monopoly decreases its price from \$10 to \$8. If the quantity sold increases from 100 units to 150 units, what is the net effect on revenue?