Sally's Super Salon 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 elasticityof demand for Sally's Super Salon isSelect one:a. 0.33.b. 0.881.14.d. 7.98

PED is the degree of elasticity of demand concerning percentage changes in price. As price…

Sally's Super Salon earned $3,750 in total revenue last month when it sold 125 haircuts. This month it earned $3,0 of demand for Sally's Super Salon is Select one: a. 0.33. b. 0.ss 1.14. d. 7.98 total revenue

Sally's Super Salon earned $3,750 in total revenue last month when it sold 125 haircuts. This month it earned $3,0 of demand for Sally's Super Salon is Select one: a. 0.33. b. 0.ss 1.14. d. 7.98 total revenue

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

Sally's Super Salon 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 Sally's Super Salon is
Select one:
a. 0.33.
b. 0.88
1.14.
d. 7.98

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