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Answer:
<h2>Revenue will decrease</h2>
Step-by-step explanation:
Note: the question did not provide the quantity to work with, so we will assume some values, say quantity Q= 30
Generally, it is normal for the revenue to decrease when the price of a commodity increase, this is so that buyer will have to react to adjust to the change in price.
When price increase from $50 to $60, the total revenue will decrease
let say the quantity Q1=30 , and the new quantity after price increase is Q2=20
1. The revenue PxQ before price change will be
PxQ= P1xQ1=50*30
PxQ= $1500
1. The revenue PxQ after price change will be
PxQ=P2xQ2= 60*20
P2xQ2= $1200
This clearly shows that based on the assumed data, the total revenue will drop from1500 to 1200, a total of $300 in a decrease
Step-by-step explanation:
x =7y ----(1)
xy=252 ----(2)
(1) into (2):
(7y)(y) = 252

7y=15.874....
y=2.27
y value into (1)
x= 7(2.268)
x=15.87
the two numbers are 15.87 and 2.27 (Ans)