A 20 Percent Increase in the Quantity of Pizza Demanded

question 98

Multiple Choice

A 20 percent increase in the quantity of pizza demanded results from a 10 percent decline in its price. The price elasticity of demand for pizza is

• A) 0.5.
• B) 2.0.
• C) 10.0.
• D) 20.0.

---

Definitions:

French Officials

Personnel or authorities that govern, administer, or represent France at various levels of organization, from local communities to international relations.

United States Officials

Individuals holding positions of authority or public service in various branches of the U.S. government, including executive, legislative, and judicial roles.

Shell Shock

A term coined during World War I to describe the psychological trauma experienced by soldiers after prolonged exposure to warfare.

Field Hospitals

Temporary medical units established to provide care and treatment to the sick and wounded near areas of active combat or natural disaster.