A local pizzeria raised its price from $9 to $11 for each pizza and the sales of its pizza decreased from 150 to 100 per day. What is the price elasticity of demand in this case? Select one: O a. -1/2 Оb. 1/2 O c. 2 O d.-2
A local pizzeria raised its price from $9 to $11 for each pizza and the sales of its pizza decreased from 150 to 100 per day. What is the price elasticity of demand in this case? Select one: O a. -1/2 Оb. 1/2 O c. 2 O d.-2
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![le Chrom
elearn.squ.edu.om/m
Academic)
of Microeconomics Spring20 fall20
A local pizzeria raised its price from $9 to $11 for each pizza and the sales of its pizza decreased
from 150 to 100 per day. What is the price elasticity of demand in this case?
Select one:
O a. -1/2
O b. 1/2
O c. 2
O d. -2
Next page
9448A](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feeb403f4-3f85-4169-9d34-15c3d259e47e%2Fa3084d7f-fdf0-49d1-b484-c5b84f01f774%2Fv3gw88f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:le Chrom
elearn.squ.edu.om/m
Academic)
of Microeconomics Spring20 fall20
A local pizzeria raised its price from $9 to $11 for each pizza and the sales of its pizza decreased
from 150 to 100 per day. What is the price elasticity of demand in this case?
Select one:
O a. -1/2
O b. 1/2
O c. 2
O d. -2
Next page
9448A
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