Given these scenarios for the Jazz, answer the following questions:

• Ticket price increases by 10%, quantity demand falls by 5%.
• Ticket price increases by 5%, quantity demand falls by 15%.
• Ticket price decreases by 10%, quantity demand increases by 5%.
• Ticket price decreases by 5%, quantity demand increases by 15%.

1. What will be the impact of this change on total revenue?
2. What will be the impact of this change on profit?