Score: 0 of 1 pt 10 of 21 (3 complete) HW Score: 9.52%, 2 of 21 pts Concept: Elasticity/Rev/Linear Demand Question Help Consider the market for a new CD, where the price is initially $7.00 and 32 thousand copies are sold, as indicated in the figure at point A. The music company is considering lowering the price to $5.00, at which price 40 thousand copies would be sold. What is total revenue at the initial price (at point A)? Revenue is initially $ thousand. Price (dollars per copy) A B ibrary urces V D dy O- 8 12 16 20 24 28 32 36 40 44 48 52 56 60 Quantity (copies in 1000s) tion Tools > Enter your answer in the answer box and then click Check Answer. Resources 2 parts Check Answer remaining Clear All O I e 11:09 PM 9 f 2/27/2021 23