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The University is interested in generating more revenues from its home football games. The University estimates that the demand curve for any home football game

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The University is interested in generating more revenues from its home football games. The University estimates that the demand curve for any home football game can be described by the following equation where P is the price per ticket and Q is the number of tickets: Demand for a home football game: P = 100 - (1/800)Q Currently the University is selling football tickets for $30 per ticket. Given this information and holding everything else constant, which of the following statements is true? O The current price is the price that will maximize total revenue for the University. O A decrease of $12 per football ticket will increase the total revenue the University gets from its home football games. O An increase in the price of a football ticket so that the price of a ticket is greater than $30 and less than $50 will result in lower revenues for the University. O An increase of $12 per football ticket will increase the total revenue the University gets from its home football games

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