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Consider the market for a new CD where the price is initially 7 00 and...

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Consider the market for a new CD where the price is initially 7 00 and 32 thousand copies are sold as indicated in the figure at point A The music company is considering lowering the price to 5 00 at which price 40 thousand copies would be sold What is total revenue at the initial price at point A Revenue is initially thousand

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Consider the market for a new CD where the price is initially 7 00 and 32 thousand copies are sold as indicated in the figure at point A The music company is considering lowering the price to 5 00 at which price 40 thousand copies would be sold What is total revenue at the initial price at point A Revenue is initially thousand

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