Explain how the (in)elasticity of demand influences your ability to raise total revenue.

Business Name: Xcel Innovation Solutions, LLC
Type of Business: Commerical & Residential Cleaning Service
Type of Service: Professional Cleaning Service

In the Week 1 discussion (also known as a small business scenario), you develop a specific business good or service. You should use this specific good or service for all of the remaining weeks, please do not change your good or service.
1. Consider the market for your good or service
2. Indicate if the demand for your good or service is elastic or inelastic.
3. Describe the specific characteristic(s) of your good or service that leads to its elasticity or inelasticity.
4. Explain how the (in)elasticity of demand influences your ability to raise total revenue.

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