From this given information it follows that they would do better charging $15.
Answer: Option C
<u>Explanation:</u>
Taking the given situation into consideration, when seven people park their vehicles at ten dollars each, the total revenue incurred is seventy dollars. When the price is hiked to fifteen dollars, there might be a reduction in the number of people parking their vehicles.
But there will not be a reduction in the revenue incurred. Because in the second situation, the revenue incurred is seventy five dollars, which is obviously more than the previous situation.
Seven states had seceded from the union when Lincoln was elected.
Answer:
Urbanization.
Explanation:
The process of people 'migrating' to the urban areas from the rural areas is known as urbanization. In other words, it is the move from a poorer area to a richer area in the hope of a better life.
The onset of urbanization began when industries began to be built in urban areas. With the prospect of getting employment and a better future, villagers or people from the rural areas began to 'migrate' to urban areas. This movement is known as urbanization.
