CourseCourseConceptConceptDocsDocuments

Edexcel A-Level Economics AS 1.3.2 3e Calculate Total Revenue Questions

Practise Edexcel IAL Economics total revenue calculations by reading price and quantity from demand diagrams before and after a price change.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • calculate and compare total revenue before and after a price change using TR = price × quantity

Edexcel A-Level Economics AS 1.3.2 3e Calculate Total Revenue Questions question 1

[Maximum number: 1]

The diagram shows the demand curve for a chocolate bar in Spain.

Figure for Question Edexcel A-Level Economics AS 1.3.2 3e Calculate Total Revenue Questions question 1 — Edexcel A-Level Economics AS

Retailers reduce the price of the chocolate bar from €1.50 to €1.30.
Which one of the following can be deduced from the diagram?

A

Total revenue will rise by € 13500

B

Total revenue will rise by € 58500

C

Total revenue will decrease by €6000

D

Total revenue will decrease by €45000

All question bank results loaded