You Are the Manager of a Gas Station and Your

question 16

Multiple Choice

You are the manager of a gas station and your goal is to maximize profits.Based on your past experience,the elasticity of demand by Ohioans for a car wash is −3,while the elasticity of demand by non-Ohioans for a car wash is −1.5.If you charge Ohioans $9 for a car wash,how much should you charge a man with a Kentucky license plate for a car wash?

• A) $6
• B) $15
• C) $18
• D) $9

---

Definitions:

Opaque

Describes an object or material that is not transparent and does not allow light to pass through.

Translucent

a material property allowing light to pass through diffusely, making objects behind it partially visible.

Drawing Tools Format

A set of graphical editing and formatting options in software applications for modifying shapes, lines, and other drawn elements.

Shape Options

Tools or settings available in graphic design and word processing software for modifying the appearance and properties of geometric shapes.