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Author Question: If a Pizza Hut raises the price of a slice of pizza from $3.00 to $3.25, the quantity demanded ... (Read 57 times)

fahad

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on: May 24, 2019
If a Pizza Hut raises the price of a slice of pizza from $3.00 to $3.25, the quantity demanded decreases from 1,500 slices per week to 1,300 slices per week. The demand for slices of pizza is ________ and the total revenue received by this Pizza Hut ________.
◦ elastic; decreases
◦ inelastic; decreases
◦ elastic; increases
◦ inelastic; increases
◦ unit elastic; does not change
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by fahad on May 24, 2019

Bigfoot1984

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fahad

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Reply #2 on: May 24, 2019
Thanks


Bigfoot1984

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Reply #3 on: May 24, 2019
Welcome :)


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