Remaining Time 39 minutes 35 seconds v Question Completion S

Remaining Time: 39 minutes, 35 seconds. v Question Completion Status: QUESTION 8 Copy of $5 $5 nelastic stic 20 40 60 80 100 10 20 30 40 Quantity Quantity Graph A Graph B Figure 5-1 O $150 O$250 $200

Solution

Option (4).

From graph B, when price = $5, Quantity demanded = 40 (Point B)

Total revenue = Price x Quantity demanded = $5 x 40 = $200