Answer:
At this price, i would say the demand is: Unitary Inelastic Elastic Based on this, to increase revenue we should: Lower Prices Raise Prices Keep Prices
8/125
Step-by-step explanation:
Given
red balls : 6
yellow balls : 7
green balls : 2
total balls = 6 + 7 + 2 = 15
P(red ball) = 6 / 15 = 2/5
P(3 consecutive red balls with replacement),
= (2/5) x (2/5) x (2/5)
= 8/125
