At which price does the retailer maximize total sales revenue?
Selling Price Quantity Demanded
(in $ ) (in units)
$5.00 12,000
$6.00 9,500
$7.00 8,700
$8.00 7,000
a. $5.00
b. $6.00
c. $7.00
d. $8.00
c
Business
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