Based on Sales History, a Retailer Calculates That E_Y for Frozen

question 247

Multiple Choice

Based on sales history, a retailer calculates that E_Y for frozen pizza is -0.8. Now, due to a recession, incomes in the market area are down 10%. Based on the given information, it can be estimated that frozen pizza sales will

• A) increase by 8%.
• B) decrease by 8%.
• C) increase by 80%.
• D) decrease by 80%.

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