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 ________

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 ________.

a. unit elastic; does not change
b. inelastic; decreases
c. inelastic; increases
d. elastic; increases
e. elastic; decreases

1 Answer

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 …

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions

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 …

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions

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 …