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c) iii -The demand for student are elastic. The relationship between price elasticity of demand and total revenue is negative. -The demand for wrking adults

c) iii -The demand for student are elastic. The relationship between price elasticity of demand and total revenue is negative.

-The demand for wrking adults are inelastic. the relationship between price elasticity of demand and total revenue is positive.

-The demand for Retirees are elastic. The relationship between price elasticity of demand and total revenue is negative.

iv. i will choose to give an discount to student and i will not give the discount to the retirees because the total revenue from students buying more than retirees

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