Each small square in the grid for this graph has one side equal to 1 pound of screws and one side equal to 1 dollar per pound. The area of one small square is therefore 7 . There are E small squares in the purple shaded rectangle. On this graph, the area of the purple rectangle corresponds to: 0 King Hardware's revenue from selling screws, measured in dollars 0 "he price of the screws, measured in dollars per pound 0 "he number of screws that King Hardware sold, measured in pounds 0 None of thesethe area has no meaning Now suppose King Hardware raises its price to $6.00 per pound of screws. As a result, it now sells 5 pounds of screws. Use the blue rectangle to draw the area that corresponds to the new price and quantity. Did raising the price of screws increase King Hardware's revenue? 0 Yes 0 No King Hardware sold 7 pounds of screws yesterday at a price of $5.00 per pound. This point is represented by the black plus symbol on the diagram below, which plots the price of screws (measured in dollars per pound) and the quantity sold (measured in pounds). 10 1 New Price/Quantity CO PRICE (Dollars per pound) + W 1 2 3 4 5 6 7 8 10 SCREWS (Pounds)