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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

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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 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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