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The consulting agency has been tracking the cost of water and sewer services provided to residents in an area. They found when the price for
The consulting agency has been tracking the cost of water and sewer services provided to residents in an area. They found when the price for water and sewer services was $70 per month to these residential customers, demand for water was 60 gallons per day. When they priced the water and sewer services higher at $80 per month, their residential customers reduced demand to 55 gallons per day. What is the price elasticity for the water and sewer services? -0.58 -0.67 -0.33 -1.71 Next Page Page 1 of 7
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