Suppose that Penniwise the Clown purchases one pizza per month when the Price is $19 and three pizzas per month when the Price is $15. What is the Price Elasticity of Demand for Penniwise's Pizza Demand Curve ? Answers: A. 0.235 B. 2.0 C. 4.25 D. 6.33 E. None of the Above

Suppose that Penniwise the Clown purchases one pizza per month when the Price is $19 and three pizzas per month when the Price is $15. What is the Price Elasticity of Demand for Penniwise's Pizza Demand Curve ? Answers: A. 0.235 B. 2.0 C. 4.25 D. 6.33 E. None of the Above

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter6: Elasticities

Section: Chapter Questions

Problem 7P

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Question

Suppose that Penniwise the Clown purchases one pizza per month when the Price is $19 and three pizzas per month when the Price is $15.

What is the Price Elasticity of Demand for Penniwise's Pizza Demand Curve ?

Answers:	A. 0.235
	B. 2.0
	C. 4.25
	D. 6.33
	E. None of the Above

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