A gift shop sels ceramic figurines for $80 and crystal vases for $100. At these prices, the gift shop sells 12 ceramic figurines and 8 orystal vases pquantity demanded of ceramin figurines and crystal vases will increase to 18 units and 12 units per day, respectively.If the gift shop wants to increase revenue, which of the following actions should be taken?OA Increase the price of both ceramin figurines and crystal vasesOB. Decrease the price of both ceramic figurines and crystal vases.OC. Increase the price of ceramic figurines and decrease the price of crystal vases.OD. Decrease the price of ceramic figurines and increase the price of crystal vasesday. If the price of ceramic figurines fals to $64 and the price of crystal vases fails to $25, the

Total revenue refers to the overall amount of money generated from the sale of goods or services by…

Agit shop sells ceramic figurines for $80 and crystal vases for $100. At these prices, the gift shop sells 12 ceramic figurines and 8 orystal vases per day. If the price of ceramic figurines fals to $64 and the price of crystal vases fails to $25, th quantity demanded of ceramin figurines and crystal vases will increase to 18 units and 12 units per day, respectively If the gift shop wants to increase revenue, which of the following actions should be taken? OA. hnorease the price of both ceramin figurines and crystal vases OB. Decrease the price of both ceramic figurines and crystal vases OC. hnorease the price of ceramic figurines and decrease the price of crystal vases. OD. Decrease the price of ceramic figurines and increase the price of crystal vases

Agit shop sells ceramic figurines for $80 and crystal vases for $100. At these prices, the gift shop sells 12 ceramic figurines and 8 orystal vases per day. If the price of ceramic figurines fals to $64 and the price of crystal vases fails to $25, th quantity demanded of ceramin figurines and crystal vases will increase to 18 units and 12 units per day, respectively If the gift shop wants to increase revenue, which of the following actions should be taken? OA. hnorease the price of both ceramin figurines and crystal vases OB. Decrease the price of both ceramic figurines and crystal vases OC. hnorease the price of ceramic figurines and decrease the price of crystal vases. OD. Decrease the price of ceramic figurines and increase the price of crystal vases

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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