Answer:
If the company lowers the selling price, the revenues will decrease by $100,000.
Explanation:
Giving the following information:
The developer is considering lowering the price to $300,000, since at that price there would be an additional 3 customers willing to purchase houses.
Actual revenue= 350,000*20= $7,000,000
New revenue= 300,000*23= $690,000
If the company lowers the selling price, the revenues will decrease by $100,000.
