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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: Pizza Hut lowers the price of its pizza. The price elasticity of demand for Pizza Hut pizza equals 0
Post by: Loraine on Jun 20, 2015
Pizza Hut lowers the price of its pizza. The price elasticity of demand for Pizza Hut pizza equals 0.3. What happens to the Pizza Hut's total revenue?
A) nothing
B) It increases.
C) It decreases.
D) It becomes negative.
E) It might change, but more information is needed to determine if it increases, decreases, or does not change.


Title: Re: Pizza Hut lowers the price of its pizza. The price elasticity of demand for Pizza Hut pizza equa
Post by: Smoooth on Aug 11, 2015
Content hidden


Title: Re: Pizza Hut lowers the price of its pizza. The price elasticity of demand for Pizza Hut pizza equals 0
Post by: Smoooth on Aug 31, 2015
My pleasure :-]