Angelofpink1108 Angelofpink1108

31-05-2023
Business

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The accompanying diagram depicts a demand curve for dvds for a monopoly currently producing at point b. Specify answers to the nearest dollar, and use a negative sign to indicate decreases in revenue. If the firm lowers dvd prices from $16 to $14 , what is the change in revenue, assuming quantity remains the same? in other words, focus only on the price effect.

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