1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
user100 [1]
2 years ago
14

The administrator of a county's museum is considering increasing the price of an annual pass by 1% from $55 to $55.55. At the cu

rrent price, the museum sells 2000 annual passes and the point of elasticity is 0.62. What effect would the increase in price have on the museum's annual pass revenue?
Mathematics
1 answer:
atroni [7]2 years ago
8 0

The increase in price would  increase the annual pass revenue of the museum.

<h3>What is the effect of the increase in price on the annual pass revenue?</h3>

In order to determine the effect the increase in price would have on revenue, we have to examine the elasticity of demand of the museum pass.

The point elasticity is 0.62. This means that demand is inelastic. This means that when price increases, there would be little or no change in the quantity demanded. As a result, revenue would increase.

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

You might be interested in
Math I think algebra and i need help like...ASAP
Amanda [17]

Answer:

m= 34

Step-by-step explanation: remember a2 plus b2 = c2

7 0
3 years ago
Read 2 more answers
Which is the better buy?<br>12 bars of soap for $10.00 or 5 bars of soap for $4.00
Eddi Din [679]

Answer:

12 bars of soap for $10.00, but actullay the are both the same. if u buy 5 bars of soap for $4.00 then the next time u buy 7 bars of soap, your are still using the same amount of money.

Step-by-step explanation:


4 0
3 years ago
A store sells small notebooks for $7 and large notebooks for $10 if a student buys 6 notebooks and spends $51 how many of each s
Finger [1]
He bought 3 small notebooks (3*7=21) and 3 large notebooks (3*10=30)
21+30=51
5 0
3 years ago
Read 2 more answers
Which of the following is equivalent to 140% (0.14, 5/7, 1 2/5, 1.4)
NISA [10]
The correct answer to the question is 1.4
7 0
3 years ago
Please help me on this thank you so much
konstantin123 [22]
The answe is 32 over x
7 0
3 years ago
Other questions:
  • A box plot is another name for a histogram, true or false
    5·2 answers
  • Solve for x in the equation ]x^{2} - 12x + 59 = 0
    5·2 answers
  • I don't get it please help
    8·2 answers
  • PLEASE ANSWER QUICKLY!!!
    9·1 answer
  • Can someone help me
    12·1 answer
  • If 80 pounds cost $4.80 how much does 150 pounds cost.
    14·1 answer
  • Select other ways to express 2:12
    6·2 answers
  • A.) The formula for the volume of a sphere is given below and the relationship between the radius r and the diameter d is r=d/2.
    7·1 answer
  • Find the number of degrees in the third angle of
    10·1 answer
  • newton watches a movie with his friends. they watch 50% of the movie and then takes a break. they then watch the remaining 65 mi
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!