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.
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.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 16SQ
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