At the strategic level, there are three broad approaches to distribution, namely mass, selective and exclusive distribution. The number and type of intermediaries selected largely depends on the strategic approach. The overall distribution channel should add value to the consumer.
Increase because the software will become more in demand from the more economists.
Answer:
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Answer:
The answer is below
Explanation:
i) The price elasticity of demand is given by the formula:

Since the price elasticity of demand is greater than 1 hence it is elastic
ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.
iii)

Since the price elasticity of demand is greater than 1 hence it is elastic