Hilda's Hair Hysteria earned $3, 750 in total revenue last month when it sold 125 haircuts. This month it earned $3, 600 in total revenue when it sold 90 haircuts. The price elasticity of demand for Hilda's Hair Hysteria is: A. 0.33. B. 7.98. C. 0.88. D. 1.14.

Hilda's Hair Hysteria earned $3, 750 in total revenue last month when it sold 125 haircuts. This month it earned $3, 600 in total revenue when it sold 90 haircuts. The price elasticity of demand for Hilda's Hair Hysteria is: A. 0.33. B. 7.98. C. 0.88. D. 1.14.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Hilda's Hair Hysteria earned $3, 750 in total revenue last month
when it sold 125 haircuts. This month it earned $3, 600 in total
revenue when it sold 90 haircuts. The price elasticity of
demand for Hilda's Hair Hysteria is:
A. 0.33.
B. 7.98.
C. 0.88.
D. 1.14.

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