Suppose the Price of a Bus Ticket Rises from $2

question 110

Multiple Choice

Suppose the price of a bus ticket rises from $2.75 to $3 and the number of tickets sold falls from 10 000 to 8500, the total revenue test:

• A) shows a decrease in total revenue.
• B) cannot be calculated.
• C) shows no change in total revenue.
• D) shows an increase in total revenue.

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Definitions:

Chief Financial Officer

The executive responsible for managing the financial actions of a company, including financial planning and record-keeping.

Public Disclosure

The release of information to the general public, often related to financial performance, legal issues, or other significant matters that affect public perception.

Environmental Benefits

Positive effects or outcomes on the natural environment resulting from various actions or policies.

Social Benefits

Advantages and positive outcomes for the broader community that result from actions, policies, or services provided.