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neonofarm [45]
3 years ago
11

7 - 5x + 1Terms:Like Terms:Constants:Coefficients:​

Mathematics
1 answer:
SOVA2 [1]3 years ago
4 0
Terms : 7 , -5x , 1
like terms : 7 and 1
constants : 1
coefficients : -5
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If the store currently charges a price of $50, then increases that price to $60, what happens to total revenue from shoe sales (
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Answer:

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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

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PxQ= $1500

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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

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