Suppose Aiyanna's Pizzeria Currently Faces a Linear Demand Curve and Is

question 346

Multiple Choice

Suppose Aiyanna's Pizzeria currently faces a linear demand curve and is charging a very high price per pizza and doing very little business. Aiyanna now decides to lower pizza prices by 5 percent per week for an indefinite period of time. We can expect that each successive week,

• A)demand will become more price elastic.
• B)price elasticity of demand will not change as price is lowered.
• C)demand will become less price elastic.
• D)the elasticity of supply will increase.

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Definitions:

Pia Mater

The delicate innermost layer of the meninges, the membranes that envelop the brain and spinal cord, providing protection and support.

Cerebrospinal Fluid (CSF)

The fluid in the subarachnoid space of the meninges and the central canal of the spinal cord.

CNS

Central Nervous System; it comprises the brain and spinal cord, controlling most functions of the body and mind.

Cerebrospinal Fluid (CSF)

A clear, colorless body fluid found in the brain and spinal cord, playing a key role in cushioning the brain and removing waste.