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Home Q & A Board Other Fields Homework Help Business Economics
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thanhha78 thanhha78
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6 years ago
At Tony's Restaurant, the quantity of large pizzas sold is 200 at the unit price $15. Suppose the price elasticity of demand for pizzas by the initial value method is 1.5, and you would like to increase the quantity sold to 250. Then the new price must be
A) $13.
B) $12.50.
C) $11.50.
D) $11.25.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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thanhha78 Author
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#2
6 years ago
Can't thank you enough for this, appreciate it!
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