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Week 3: Jan 21-25-2019Spring-T-ECN212-18768-24537 v Question Completion Status We dont have enough information to determine total revenue. None of the above are correct QUESTION ↑Price P2 Pl B D Demand 02 Q1 Total revenue when the price is P1 is represented by the area(s) B+ D. A+B. QUESTION 7 Assume that the market for Good X is defined as follows o0-64-16P and Q5-16P- 8 f the government imposes a p Click Sove and Submit to sove and submit. Click Sove All Answers to save all onswers Mac
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Answer #1

Total revenue when the price is P1 is equal to P1*Q1

That is represented by the area B + D

So ans is B+D

a) B+D

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