Business

14 June, 00:58

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.

+2

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

What is one main difference between a 401 (k) and a Roth IRA? A 401 (k) is something you can sign up for individually; a Roth IRA is something your employer offers. A 401 (k) does not offer profit sharing options but Roth IRAs do.

Glee episode where coach beiste makes the football team and glee club work together

After shopping in the same store for nearly two hours, chelsea goes to burger king for a whopper, while cynthia goes to the optical shop to see if her contacts are ready.

Who sings Look Alive

Wellington Chocolate Company uses activity-based costing (ABC). The controller identified two activities and their budgeted costs: Setting up equipment $1,064,000 Other overheard $4,256,000 Setting up equipment is based on setup hours, and other

New Questions in Business

Morgan company does not ring up sales taxes separately on the cash register. total receipts for february amounted to $25,440. if the sales tax rate is 6%, what amount must be remitted to the state for february's sales taxes?

The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $202,000. During 2016, the company had revenues of $402,000 and expenses of $351,000, and the company declared and paid dividends of $11,200.

Which of the following refers to the acquisition of goods in one country and the selling of them to buyers in another country? a. Cartel b. Joint venture c. Trading company d. Outsourcing

1. Of the 4 strategic approaches to international markets, which one (s) might be the best for a manufacturing company? a financial services company? or a company like Coke or Pepsi? Thoughts? 2.

Masks Inc. is a cosmetics company that makes beauty products. It uses whale oil from dead whales only and does not kill whales to obtain blubber. A newspaper publishes a report stating that Masks Inc.