Assume that the demand curve for Pepsi passes through the following two points: a. Draw a graph

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Assume that the demand curve for Pepsi passes through the following two points:

a. Draw a graph with a linear demand curve that passes through these two points.
b. Show on the graph the areas representing total revenue at each price. Give the value for total revenue at each price.Price per Bottle of Pepsi (in dollars) $2.50 1.25 Quantity (bottles) 100,000 200,000

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Macroeconomics

ISBN: 9780135801741

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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