Price elasticity of demand for skips seal coating service

Reference no: EM13690207

Skip's Seal coating 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 Seal coating Service is

A) 2.11 B) 0.11 C) 1.12 d) 0.47

Reference no: EM13690207

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