When the Price of Pizzas Rises by 4 Per Cent

question 107

Multiple Choice

When the price of pizzas rises by 4 per cent, the quantity demanded decreases 10 per cent. What is the price elasticity of demand for pizza?

• A) 0.4
• B) 40.0
• C) 25.0
• D) 2.5
• E) 10.0

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