-The Data in the Table Above Give Two Points on the Demand

question 7

Multiple Choice

-The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the percentage change in price?

• A) 1.0 per cent
• B) 8.2 per cent
• C) 5.0 per cent
• D) 15.5 per cent
• E) 10.5 per cent

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