# Price-Quantity Relationship

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Question description

The price-quantity relationship has been estimated for a new prostate cancer blood test; Q = 4,000 – (20 x P). Use a spreadsheet to calculate the quantity demanded and total spending for prices ranging from \$200 to \$0, using \$50 increments. For each \$50 drop in price, calculate the change in revenue, the change in volume, and the additional revenue per unit. (Call the additional revenue per unit marginal revenue.)

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