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

question 23

Multiple Choice

  -If the price of Moonlight massage oil decreases from $3 to $2.50 and,as a result,total revenue of $6,000 does not change,what is the elasticity of demand? A) 0.22. B) 0.55. C) 1. D) 1.2. E) 1.67.
-If the price of Moonlight massage oil decreases from $3 to $2.50 and,as a result,total revenue of $6,000 does not change,what is the elasticity of demand?


Definitions:

Monomial

A mathematical expression consisting of a single term, which may include numbers, variables, and exponents.

Evaluate

The process of calculating the numerical value of an expression.

Numerical Coefficient

A number that multiplies a variable in an algebraic expression, giving the term its numerical value.

Like Terms

Terms in algebraic expressions that have the same variable parts and can be combined.

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