The poison apple diner had an average dinner cover charge of $8.75 during the month of september, when 3,000 atrons were served. queen grimhilde, the owner/manager, increased the dinner menu prices by an average of $.50 per item. during the first 30 days of october, 2,900 patrons were served dinner, and the average cover charge was $9.25. compute the price elasticity of demand.

0.583

Explanation:

Data provided in the question;

Average dinner charges = $8.75

Initial demand = 3,000 atrons

Increase in price = $0.50

Final demand = 2,900

Thus,

change in demand = 3,000 - 2,900 = 100

Now,

The price elasticity of demand =

also,

Percentage change in demand =

=

= 3.33%

Percentage change in price =  

=

= 5.714

thus,

The price elasticity of demand =

= 0.583

answer; communication channel;

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.