Plot the data listed in the table below.

a. Measure price along the vertical axis and quantity along the horizontal axis and plot the first two columns.

b. Show what quantity is sold when the price is $550.

c. Directly below the graph in part

a, plot the data in columns 2 and 3. In this graph, measure quantity on the horizontal axis and total revenue on the vertical axis.

d. What is total revenue when the price is $550? Will total revenue increase or decrease when the price is lowered?

Total Price Quantity Sold Revenue

$1,000 200 200,000 900 400 360,000 800 600 480,000 700 800 560,000 600 1,000 600,000 500 1,200 600,000 400 1,400 560,000 300 1,600 480,000 200 1,800 360,000 100 2,000 200,000 30