Solved

Serenity Spa Increased Its Total Monthly Revenue from $11,250 to $12,350

Question 76

Multiple Choice

Serenity Spa increased its total monthly revenue from $11,250 to $12,350 when it raised the price of a massage from $75 to $95.What is the price elasticity of demand for Harry's Haircuts


A) 0.318
B) 0.416
C) 0.608
D) 0.816

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q71: Where will total revenue be highest on

Q72: If a demand curve has a zero

Q73: What happens in the case of perfectly

Q74: Demand is inelastic if the elasticity is

Q75: Recently,in Smalltown,the price of Twinkle snack cakes

Q77: If a supply curve is horizontal,it is

Q78: If the elasticity of supply is zero,what

Q79: How is cross-price elasticity of demand calculated<br>A)the

Q80: Figure 5-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 5-8

Q81: Necessities tend to have price inelastic demands,whereas