You Are the Manager of a Gas Station and Your

Multiple Choice

You are the manager of a gas station and your goal is to maximize profits.Based on your past experience,the elasticity of demand by Texans for a car wash is −4,while the elasticity of demand by non-Texans for a car wash is −6.If you charge Texans $20 for a car wash,how much should you charge a man with Oklahoma license plates for a car wash?

A) $1.50
B) $15.00
C) $18.00
D) $20.00