Business, 13.02.2020 22:45 piperswatson2403
A real estate developer is offering identical houses for sale for $350,000 each, and has 20 willing customers. The developer is considering lowering the price to $300,000, since at that price there would be an additional 3 customers willing to purchase houses.
What would be the developer’s change in revenue from lowering the price in this way?
a. -$100,000
b. $100,000
c. $900,000
d. $1,050,000
Answers: 1
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