You are the manager of the public transit system. you are informed that the system faces a deficit, but you cannot cut service, which means you cannot cut costs. your only hope is to increase revenue by increasing fares. you are advised that the estimated price elasticity of demand for the first few months after a price change is about −0.3. select the statement that best describes the results of raising the fare in the short run. a. total revenue falls, since demand changes and becomes price inelastic. b. total revenue will rise incrementally as the demand fuctuates and price moves back and forth between being elastic and inelastic. c. total revenue rises immedately after the fare increase, since demand over the immediate period is price inelastic.

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.