Question: Question 8 (5 points) The relationship d = 5000 - 25p describes what happens to demand (d) as price (p) varies. Here, price can vary
Question 8 (5 points) The relationship d = 5000 - 25p describes what happens to demand (d) as price (p) varies. Here, price can vary between $20 and $40. What will total revenue be for prices of $20, $30, and $40 respectively? 1) $90,000, $127,500, $160,000 2) $160,000, $127,500, $90,000 3) $9,000, $12,750, $16,000 4) None of the above
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