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Suppose That the Quantity of Pizza Demanded Decreased by 15

Question 142

Multiple Choice

Suppose that the quantity of pizza demanded decreased by 15 per cent after an increase in price of 10 per cent. What is the price elasticity of demand for pizza?


A) 0.67
B) - 1.50
C) - 0.67
D) 1.50

Correct Answer:

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