Business, 28.01.2020 07:31, mohamedramadan

Skip's sealcoating service increased its total monthly revenue from $12,000 to $13,500 when it raised the price of driveway repairs from $600 to $750. the price elasticity of demand for skip's sealcoating service is

a. 1.12.

b. 0.47.

c. 0.11.

d. 2.11.

Answers: 1

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Skip's sealcoating service increased its total monthly revenue from $12,000 to $13,500 when it raise...