What happen to airlines total revenue if airfare increases, Microeconomics

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What happen to airlines total revenue if airfare increases

Problem

Consider airfares on flights between Chicago and Denver. When the airfare is $250, the quantity demanded of tickets is 6,000 per week. When the airfare is $200, the quantity demanded of tickets is 7,000 per week.

• What will happen to the airlines' total revenue if airfare increases? How do you know?

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Microeconomics: What happen to airlines total revenue if airfare increases

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