Question: Question 1 (8 points) Saved Table 2 shows Excalibur Internet's demand table, total revenue, and marginal revenue at each price. What is the price effect

Question 1 (8 points) Saved Table 2 shows Excalibur Internet's demand table, total revenue, and marginal revenue at each price. What is the price effect of reducing the price from $130 to $100? Table 2 Demand Schedule and Calculated Revenue Price Amount Total Marginal Demanded Revenue Revenue $160 $0 n/a $130 125 $16,250 $130.00 $100 250 $25,000 $70.00 $75 475 $35,625 $47.22 $40 625 $25,000 $70.83 $0 800 $0 $142.86

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