Business, 17.04.2020 00:49 kenna0

1. Last week, Cal sold an average of 4,000 gallons per day at an average price of $2.658 per gallon. This week, he raised the average price to $2.758 per gallon. His station is now selling an average of 3,600 gallons per day. Fixed costs of operating the gas station are $438 per day. What is the price elasticity of demand?

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1. Last week, Cal sold an average of 4,000 gallons per day at an average price of $2.658 per gallon....

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