Question: If the demand function for city bus rides is P = 1 0 0 - 1 0 Q and the present price of a ric
If the demand function for city bus rides is and the present price of a ric
Multiple Choice
raising prices will increase city revenue.
raising prices will decrease city revenue.
raising prices will not change city revenue.
from the information given it is not clear what would happen to city revenue if price is increased.
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