A Fundraising Dinner Was Held on Two Consecutive Nights

question 99

Multiple Choice

A fundraising dinner was held on two consecutive nights. On the first night, 160 adult tickets and 237 children's tickets were sold, for a total of $3,478.25. On the second night, 193 adult tickets and 314 children's tickets were sold, for a total of $4,399.5. Find the price of each type of ticket.

• A)The adult tickets were $13 and the children's tickets were $7.25.
• B)The adult tickets were $11 and the children's tickets were $6.5.
• C)The adult tickets were $14.25 and the children's tickets were $7.25.
• D)The adult tickets were $11 and the children's tickets were $7.25.
• E)The adult tickets were $14.25 and the children's tickets were $6.5.

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Definitions:

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP by accounting for inflation.

Real GDP

Real GDP is the total value of all goods and services produced in a country, adjusted for inflation or deflation.

Real GDP

An inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices, to reveal the true growth rate.

Intermediate Good

A product used to produce a final good or finished product, also known as a semi-finished product.