For numbers 2-4

#2 When abdominoplasty costs were $6,000, Dr. Hurwitz treated 300 patients.

When they increased the price to $7,400,customers decreased to 250. What is the elasticity of demand for abdominoplasty using arc elasticity or the midpoints formula (rounded-off to 2 decimal places)?

A. - 0.21

B. - 0.87

C. - 2.03

D. -1.15

E. -8.70

#3 The elasticity of demand for abdominoplasty can be described as

A. elastic

B. inelastic

C. unitary elastic

D.all of the above

#4. In terms of raising revenue (or sales) as a goal

A.The doctor was correct in increasing price

B. The doctor was incorrect in raising price

C.Revenue did not change with the doctor increasing price

D.none of the above