Suppose There Is a Linear Relationship Between the Ticket Price

question 2

Multiple Choice

Suppose there is a linear relationship between the ticket price (P) to a university basketball game and the number of tickets sold (Q) .If the ticket price is $20,then 600 tickets are sold; if the ticket price is $8,then 3000 tickets are sold.What is the slope of the function if Q is plotted on the horizontal axis and P is plotted on the vertical axis?

• A)-0.005
• B)-0.05
• C)0
• D)0.05
• E)0.005

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Definitions:

Insurance Premium

The amount paid periodically to an insurance company for coverage.

Plant Asset

Long-term tangible assets used in the production of goods or services, such as machinery, buildings, and equipment.

Net Income

The total earnings calculated by subtracting total expenses from total revenues, indicating the company's profit.

Invoice Cost

Invoice cost refers to the amount shown on the invoice from a supplier, including the cost of the goods purchased and any additional fees or shipping costs.