You want to estimate the price elasticity of demand for pizza at the restaurant you manage. In August, you charged on average $9.99 per pizza and sold 812 pizzas. In September, you charged $10.99 per pizza and sold 731 pizzas. You believe that no other factors influenced the demand for your pizza between August and September. What is your elasticity estimate? Typed numeric answer will be automatically saved.
You want to estimate the price elasticity of demand for pizza at the restaurant you manage. In August, you charged on average $9.99 per pizza and sold 812 pizzas. In September, you charged $10.99 per pizza and sold 731 pizzas. You believe that no other factors influenced the demand for your pizza between August and September. What is your elasticity estimate? Typed numeric answer will be automatically saved.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 15SQ
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