Table 2: Price Elasticity of Demand Good Haircuts per Week Manicures per Week Price $20 $16 512 58 Quantity Decsanded 40

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Table 2 Price Elasticity Of Demand Good Haircuts Per Week Manicures Per Week Price 20 16 512 58 Quantity Decsanded 40 1 (21.11 KiB) Viewed 10 times

Table 2: Price Elasticity of Demand Good Haircuts per Week Manicures per Week Price $20 $16 512 58 Quantity Decsanded 40 60 40 120 260 270 280 290 310 320 330 340 NO 370 100 300 410 420 430 440 460 470 48 49 Table 2 shows the prices of two services offered by Earl's Barber Shop and the resulting quantities demanded by customers. Suppose that the current price for a haircut is $20 and the current price for a manicure is $12, and Earl has a sale of 54 off the price of either a haircut or a spanicure. In this example, OA the demand for haircuts is unitary clastic OB. Earl can earn more revenue from manicures at the lower price OC Earl can earn more revenue from haircuts at the higher price OD. haircuts have the smaller absolute change in quantity demanded and the more elastic demand OE. the demand for haircuts is inclastic