The table shows the demand schedule for textbooks.
What can be concluded from this information?
1 )
Profit would be maximised at a price of ＄30.
2 )
Profit would not change if the price rose from ＄20 to ＄30.
Revenue would increase if the price was decreased from ＄40 to ＄30.
4 )
Revenue would be maximised at a price of ＄40.
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