If a pizza hut raises the price of a slice of pizza from $3.00 to $3.25, the quantity demanded decreases from 1,500 slices pe

Question

3 years ago

9

If a pizza hut raises the price of a slice of pizza from $3.00 to $3.25, the quantity demanded decreases from 1,500 slices pe

r week to 1,300 slices per week. the demand for slices of pizza is ________ and the total revenue received by this pizza hut ________.
a. unit elastic; does not change
b. inelastic; decreases
c. inelastic; increases
d. elastic; increases
e. elastic; decreases

Business

1 answer:

Lana71 [14] · Answer 1 · 2022-07-16T22:08:03+03:00

Lana71 [14]3 years ago

4 0

Inelastic , and increases

If a pizza hut raises the price of a slice of pizza from​ $3.00 to​ $3.25, the quantity demanded decreases from​ 1,500 slices pe

If a pizza hut raises the price of a slice of pizza from $3.00 to $3.25, the quantity demanded decreases from 1,500 slices pe