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A Local Pizzeria Raised Its Price from $9 to $11

Question 338

Multiple Choice

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?


A) 1/2
B) -2
C) -1/2
D) 2

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