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

Recognize that a significant correlation does not imply causation.

Grasp the fundamental aspects and uses of multivariate analysis in statistical studies.

Understand critical periods in development and the impact of early experiences on attachment.

Recognize that personality and cognitive abilities can change and develop across a lifespan.

---

Definitions:

Huguenots

French Protestants of the 16th and 17th centuries who faced severe persecution for their religious beliefs, leading many to flee to other countries.

Civil Citizenship

Pertains to the rights and duties of citizens in relation to their community and society, often emphasizing participation in civic activities.

Political Citizenship

The status of being a citizen that entails rights and duties within a political community, including participation in the democratic process.

Social Citizenship

A concept that refers to the right of every individual to have access to certain social rights and protections provided by the state, including welfare, health care, and education.