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

question 84

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 price elasticity of demand?

• A) 0.9
• B) 0.6
• C) 0.5
• D) 2.1
• E) 8.6

---

Definitions:

Strength Of Sensation

The intensity with which a sensory input is felt or experienced by an individual.

Psychological Intensity

The degree of strength or force of psychological phenomena, such as emotions, motivations, or experiences.

Stimulus Intensity

The magnitude or strength of a stimulus, which can influence the reaction or response it elicits.

Logarithm

The power to which a base number must be raised to produce a given number.