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-If the Price of Moonlight Massage Oil Decreases from $3

Question 23

Multiple Choice

-If the price of Moonlight massage oil decreases from $3 to $2.50 and,as a result,total revenue of $6,000 does not change,what is the elasticity of demand? A) 0.22. B) 0.55. C) 1. D) 1.2. E) 1.67.
-If the price of Moonlight massage oil decreases from $3 to $2.50 and,as a result,total revenue of $6,000 does not change,what is the elasticity of demand?


A) 0.22.
B) 0.55.
C) 1.
D) 1.2.
E) 1.67.

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