Neco Model Questions Vol1 2020 Economics Question 32
Practice objective / multiple choice question 32 from the 2020 Neco Model Questions Vol1 Economics examination.
A linear demand schedule for a product is given by two points: at a price of \(\text{₦}200\) the quantity demanded is 500 units, and at a price of \(\text{₦}300\) the quantity demanded is 300 units. Assuming the demand curve is linear, at what price (in \(\text{₦}\)) will total revenue be maximised?
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About This Question
This is Neco Model Questions Vol1 2020 Economics Question 32. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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