Multiple Choice
An owner of a local salon realized that by decreasing the prices that she charges for haircuts,her revenue has increased.This implies that
A) The demand for her haircuts is elastic
B) The demand for her haircuts is inelastic
C) The demand for her haircuts is unitary elastic
D) The demand for her haircuts is perfectly inelastic
Correct Answer:
Verified
Correct Answer:
Verified
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