Multiple Choice
Suppose when the price of pizza goes from $8 to $12 per pie,production increases from 2,500 pies to 4,000 pies per month.Using the mid-point method,the percentage change in price is:
A) 40 percent
B) 46 percent
C) 1.31
D) 0.35
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: In general, the more elastic a demand
Q136: The cross-price elasticity of demand for peanut
Q137: Price elasticity is a measure of how<br>A)
Q138: Economists use the percentage change in quantity
Q139: Suppose when the price of pineapples goes
Q140: Gasoline and motel rooms are complements for
Q141: If a good has an income elasticity
Q144: Coke and Pepsi probably have a:<br>A) less
Q145: When the quantity effect outweighs the price
Q146: If the price of a cup of