Multiple Choice
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) 0.11.
B) 0.47.
C) 1.12.
D) 2.11.
Correct Answer:
Verified
Correct Answer:
Verified
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