If the Local Pizzeria Raises the Price of a Medium

question 90

Multiple Choice

If the local pizzeria raises the price of a medium pizza from $6 to $10 and quantity demanded falls from 700 pizzas a night to 100 pizzas a night,the arc price elasticity of demand for pizzas is:

• A)0.67.
• B)1.5.
• C)2.0.
• D)3.0.

---

Definitions:

Upset By Boss

Emotional distress or agitation caused by actions or words of one's supervisor or employer.

Id

In psychoanalytic theory, the part of the human psyche that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Personality Structure

The organized pattern of behavioral and emotional characteristics, traits, and processes unique to an individual.

Instincts

The biologically determined and innate patterns of behavior that exist in both people and animals.