Question: D Question 25 A small convenience store is the only place to buy groceries in a remote, rural location. The store estimates the elasticity of

D Question 25 A small convenience store is the only place to buy groceries in a remote, rural location. The store estimates the elasticity of demand for a gallon of milk is -1.75 for the typical customer in their area. If the store pays $1.50 for each gallon of milk, what retail price should they charge to maximize profit from milk? O $2.50 O $3,00 O $3.50 O $4.00 t checked at 9:17pm Sub

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