... for 20 performances:(£16,400 × 50% × 20) £164,000Touring company ticket sales:Total revenue for each performance for a full house:£200 @ £22 = 4,400500 @ 14 = 7,000300 @ £10 = 3,000 14, 400£Ticket ... helpful for those involved with pricing decisions to have some feel for theelasticity of demand of the commodity that will be the subject of a decision. The sensitiv-ity of the demand to the decision ... payable the next month. For example, January purchases = £1,600 × (50 + 40) = 144 ,000, payable in February.(b) A banker may require various pieces of information before granting additional...