6 A student theater group at a university has developed

a demand schedule that shows the relationship between ticket prices and demand based on a student survey (see the table that follows).

(a) Graph the demand curve and the total revenue curve based on these data. What ticket price might be set based on this analysis?

(b) What other factors should be considered before the final price is set?

Ticket Price Number of Students Who Would Buy

$1 300 2 250 3 200 4 150 5 100