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
Answer:
c
Step-by-step explanation:
It has a constant value.
Yes it would be the opposite for example -12 it would be 12 and then 13 would stay 13
Up two over one so the slope is 2
92 males buy tickets so
200-92=108
so 108 females buy tickets
30 males buy business and a total of 44 people (female and male) but business so 44-30=14
14 females buy business
108-14(business ticket) = 94 females left.
62 of those 94 females buy economy tickets
so therefore 94-62=32. 32 females left over
14 females = business
62 females = economy
14 + 62 = 76
108 - 76 = 32
32 remaining females buy premium
it says a total of 60 people buy premium so 60 - 32 = 28
so 28 males buy premium
hope this helped
