-If the price of Moonlight massage oil decreases from $3 to $2.50 and,as a result,total revenue increases from $6,000 to $7,500,what is the elasticity of demand?
A)0.22.
B)0.55.
C)1.22.
D)1.67.
E)2.2.

Question

-If the price of Moonlight massage oil decreases from $3 to $2.50 and,as a result,total revenue increases from $6,000 to $7,500,what is the elasticity of demand?
A)0.22. 
B)0.55. 
C)1.22. 
D)1.67. 
E)2.2.

Quizplus · Accepted Answer

The Answer of 
-If the price of Moonlight massage oil decreases from $3 to $2.50 and,as a result,total revenue increases from $6,000 to $7,500,what is the elasticity of demand?
A)0.22. 
B)0.55. 
C)1.22. 
D)1.67. 
E)2.2.

-If the Price of Moonlight Massage Oil Decreases from $3