When the price of a pizza increases from $9 to $12, the quantity demanded of a pizza decreases from 34 pizzas to 20 pizzas. Given this information, the price elasticity of demand is Round your answer two decimal places. For example, if the answer is 0.557, then enter 0.56.
When the price of a pizza increases from $9 to $12, the quantity demanded of a pizza decreases from 34 pizzas to 20 pizzas. Given this information, the price elasticity of demand is Round your answer two decimal places. For example, if the answer is 0.557, then enter 0.56.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 16SQ
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