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O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2021 · Q71 Mark

A tailor has four customers for her range of suits. The table shows the yearly demand for the suits she makes. Which price should be charged to maximise the tailor's yearly revenue?

A$800
B$900
C$1000
D$1100

✓ Correct answer

A: $800

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2021 Paper 1 Variant 1, question 7.

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