If the Demand Function for City Bus Rides Is P

question 3

Multiple Choice

If the demand function for city bus rides is P = 100 - 10Q and the present price of a ride is 50, then

• A)raising prices will increase city revenue.
• B)raising prices will decrease city revenue.
• C)raising prices will not change city revenue.
• D)from the information given it is not clear what would happen to city revenue if price is increased.

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Definitions:

Dopamine

A neurotransmitter involved in control of movement, emotion, motivation, and feelings of pleasure.

Leptin

A hormone produced by adipose (fat) cells that helps to regulate energy balance by inhibiting hunger, thereby reducing food intake and promoting weight loss.

Oxytocin

A hormone and neurotransmitter often referred to as the "love hormone," associated with social bonding, childbirth, and breastfeeding.

Oxytocin

A hormone and neurotransmitter often associated with social bonding, trust, and affection.