Possible Answers:
0.67.
-0.67.
-1.50.
1.50.
2006-09-24 12:14:59 · 3 answers · asked by Anonymous in Education & Reference ➔ Homework Help
Sorry It cut off my question here it is again.
Suppose that the quantity of pizza sold decreased by 15 percent after an increase in price of 10 percent. What is the price elasticity of demand for pizza?
2006-09-24 12:18:19 · update #1
It means that you should back off on the price of the pizza.
Do your own homework.
2006-09-24 12:24:04 · answer #1 · answered by Bluealt 7 · 0⤊ 0⤋
Inelastic. search for the definition of elasticity. you ought with the intention to respond to this without doing any math. Edit: i'm an economics professor. Elastic is the large reaction that signifies that the change in volume (in p.c.) is larger than the change in value (in p.c.) [E>a million]. it truly is unquestionably no longer occurring right here. Inelastic skill the change in volume is lower than the change in value [E
2016-11-23 19:42:58
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answer #2
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answered by Anonymous
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That's not enough INFORMATION. GOD.
2006-09-24 12:16:36 · answer #3 · answered by greeneyedprincess 6 · 0⤊ 0⤋