# Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raise its price to Rs 40 per month the number of subscribers will fall to 20000 At which of the following price does small Town Cablevision earn the greatest total revenue ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raise its price to Rs 40 per month the number of subscribers will fall to 20000 At which of the following price does small Town Cablevision earn the greatest total revenue ? Correct Answer: B. Rs 30 per month. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Suppose that at a price of Rs 30 per month there are 30000 subscribers to cable television in small Town. If small Town Cablevision raise its price to Rs 40 per month the number of subscribers will fall to 20000 At which of the following price does small Town Cablevision earn the greatest total revenue ?

Direct Answer & Quick Reference

The correct option is **B. Rs 30 per month**.

A. Rs 0 per month

B. Rs 30 per month **(Correct Answer)**

C. Rs 40 per month

D. Either Rs 30 or Rs 40 per month because the price elasticity of demand is 1.0

✨ Explain with AI

Verified Key: B. Rs 30 per month
Solved by 4,720+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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