Question

When a restaurant prices pizza at $10 per slice they sell 100 slices in a night. If they sell pizza for $5 per slice, they sell 300 slices in a night. What is the slope of this demand curve for pizza?.

Answer 1

Based on the restaurant prices for pizza and the different quantities that they will offer the pizzas, the slope of demand curve is -0.025

What is the slope of the demand curve?

The slope can be found as:

= Change in price / Change in quantity

Solving gives:

= (5 - 10) / (300 - 100)

= -5 / 200

= -0.025

In conclusion, the slope of the demand curve is -0.025

Find out more on the demand curve at brainly.com/question/1139186

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