Answer:
Increase the price of the software
Explanation:
Price elasticity is measured as the dynamic between the demand in amount of a certain product and the price. If there is a high demand and the number of products are being sold at a lower price total revenues will be high. If the number of products sold are low, naturally, total revenue will be be low. In order to increase revenue and an attempt to increase profit as well the seller should increase the price of the software.
The difference between the beginning balance and the ending balance is the Credit of $162.03
Explanation:
The beginning balance of a bank statement is $5491.56
Total debits are $1130. In real life banking, debits mean deductions. So $1130 will be the deductions or withdrawals made through the account.
So Beginning balance less withdrawals or debits = $5491.56-1130= $4361.56
Now Ending balance is $5329.53. This means that some amount has been credited or deposited in the account which takes the balance from $4361.56 to $5329.53.
So this can be found out as follow:
$5329.53 - $4361.56 = $967.97.
So the difference between the beginning and the ending balance is $5491.56-$5329.53=$162.03, which can also be calculated as:
1130-967.97=162.03 Dollars.
Learn more about Financial Accounts:
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