Business, 22.08.2020 21:01 Ariannamorales5355

George has been selling 8,000 T-shirts per month for $8.00. When he increased the price to $9.00, he sold only 7,000 T-shirts. Which of the following best approximates the price elasticity of demand?
A. -1.2467
B. -1.02
C. -0.5667
D. -1.1333

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George has been selling 8,000 T-shirts per month for $8.00. When he increased the price to $9.00, he...

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