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  • 14-02-2024
  • Business
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Suppose that when the price of pizza increases from 12.00 to 12.72, quantity demanded decreases from 200 to 170. The price elasticity of demand for pizza in this range of the demand curve is and the demand for pizza is. Use the midpoint formula.

A. 2.79; inelastic
B. 2.79; elastic
C. 0.84; inelastic
D. 0.84; elastic

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