If the Price of a Slice of Pizza Rises from $2.50

question 37

Multiple Choice

If the price of a slice of pizza rises from $2.50 to $3, and quantity demanded falls from 10,000 slices to 7,400 slices, calculate the arc price elasticity.

• A)-1.92
• B)-1.64
• C)-4
• D)-2

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Definitions:

Faulty Parallelism

An error in sentence structure where parts of a sentence that are supposed to be grammatically parallel fail to match in form.

Inconsistent Tense

Refers to the misuse of past, present, or future tenses in writing, leading to a lack of clarity and cohesion in the text.

Faulty Parallelism

A grammatical error in which parts of a sentence that are meant to be parallel in structure are not consistent in form.

Inconsistent Tense

A grammatical error where verb tenses are not maintained consistently throughout a piece of writing, affecting clarity and coherence.