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Part 1 (0.5 point) See Hint In 2019, a ski resort increased the prices it charged for one-day ski passes and season passes. If someone
Part 1 (0.5 point) See Hint In 2019, a ski resort increased the prices it charged for one-day ski passes and season passes. If someone buys a season pass, he can ski as many days as he wishes. The table below provides information on the prices and the number of passes sold in 2018 and 2019. Number of Passes Number of Passes Type of Pass Price in 2018 Price in 2019 Sold in 2018 Sold in 2019 One day $60 5,000 $80 3,100 Season $1,200 250 $1,400 190 Given the information in the table, we know that the revenue earned from selling day passes changed by $ and the revenue earned from selling season passes changed by $ Part 2 (0.5 point) See Hint From the answers to Part 1, we know that the demand for day passes is , and the demand for season passes is
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