Price falls from $6.50 to $6.00. Quantity demanded increases from 100 to 200.
What is the new total revenue?
a) $1650
b) $1200
c) $12.50
d) $300
Question 7.12 points)
Well the question is not completely correct I mean what was the price of the product. What percentage of markup do the store have but anyway you said 6 usd for one and 200 sold