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Suppose a monopolist can sell 5,000 units at a price of $12. Lowering price by $2 raises the quantity demanded by 500 units. What is

Suppose a monopolist can sell 5,000 units at a price of $12. Lowering price by $2 raises the quantity demanded by 500 units. What is the change in the monopolist's total revenue that results from this price change? Select one: O A. $55,000 O B. $10,000 O C. $4,000 O D. -$5,000

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