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Suppose a local dry cleaner decides to raise the price of cleaning a dress shirt from $ 2 . 0 0 to $ 3 .
Suppose a local dry cleaner decides to raise the price of cleaning a dress shirt from $ to $ As a result, they see the quantity of shirts people bring in to be cleaned fall from to per day. What can you determine based on this information? Group of answer choices Dry cleaning is a necessary service. Dry cleaning is a luxury service. Demand for dry cleaning is inelastic. Demand for dry cleaning is elastic.
Suppose a local dry cleaner decides to raise the price of cleaning a dress shirt from $ to $ As a result, they see the quantity of shirts people bring in to be cleaned fall from to per day. What can you determine based on this information?
Group of answer choices
Dry cleaning is a necessary service.
Dry cleaning is a luxury service.
Demand for dry cleaning is inelastic.
Demand for dry cleaning is elastic.
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