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Author Question: A local pizzeria raised its price from 9 to 11 for each pizza and the sales of its pizza decreased ... (Read 70 times)

Alainaaa8

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on: Jun 29, 2018
A local pizzeria raised its price from 9 to 11 for each pizza and the sales of its pizza decreased from 150 to 100 per day. What is the price elasticity of demand in this case?
 
  A) 1/2
  B) -2
  C) -1/2
  D) 2

Question 2

The primary factor leading to cyclical unemployment is when
 
  A) businesses often discriminate in their hiring practices on the basis of age, sex, and race.
  B) the level of overall economic activity fluctuates.
  C) workers quit their jobs in order to look for higher paying employment.
  D) some workers do not have marketable job skills.


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randomguy133

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Alainaaa8

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Reply #2 on: Jun 29, 2018
Thank you


randomguy133

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Reply #3 on: Jun 29, 2018
No problemo


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