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. 1.12.
b. 0.47.
c. 0.11.
d. 2.11.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Skip's sealcoating service increased its total monthly revenue from $12,000 to $13,500 when it raised the price of driveway repairs from ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In the context of the internal and external forces that affect business, which of the following is a difference between stable environments and dynamic environments?
Answers (1)
You are out camping in a remote region away from all civilization. the next day, you plan to hike around and return to camp before dusk. your friends suggest that after hiking, you might want to enjoy a warm shower.
Answers (1)
Small businesses can often provide more personalized customer service than bigger rivals. A. trueB. False
Answers (1)
Mike just started working for a company that maintains a defined benefit retirement plan. If Mike terminates his employment within the first two years, he forfeits his retirement.
Answers (1)
By delegating tasks to other team members during a busy shift, employees are practicing which of the following? A. time management B. energy management C. interpersonal skills D. integrity
Answers (1)
New Questions in Business
Journalize the following transactions using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $6,800. The cost of the merchandise is $6,700.
Answers (1)
MLA style formatting requires which of the following (choose all that apply) centered title. name in header. page number in footer. double spaced paragraph. indented.
Answers (1)
You go to your favorite coffee shop to buy a chai latte. The cashier takes you $20 and give you change. What role of money does this illustrate?: A) Acceptability B) Medium of Exchange C) Standard of Value D) Store of Value
Answers (1)
Why do ralph piggy and samneric lie about their part in simon death?
Answers (1)
One of the biggest financial benefits of starting early to save for your retirement fund is related to:
Answers (1)