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Lettucebereal Lettucebereal
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A year ago
Suppose the price of take-out pizza has been stable for many months at exactly $12.50 per pizza - and Olivier buys 6 pizzas per month at this price. When the price rises to $12.55 per pizza, Olivier's quantity demanded drops to zero. Apparently, Olivier's price elasticity of demand for take-out pizza is

▸ 0.

▸ 100

▸ -1.

▸ higher than 10 000.

▸ 6.
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Microeconomics

Microeconomics


Edition: 17th
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gagan17gagan17
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A year ago
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Lettucebereal Author
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A year ago
This helped my grade so much Perfect
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Thanks
GeorgeNeist
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Thanks for your help!!
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