03 Question (2 points) II See page 126 A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you that the price elasticity of demand for his pizza is -2, and he asks you for advice. He wants to know two things. First, how many pizzas will he sell if he cuts his price by 10%? Second, how will his revenue be affected? v 2nd attempt Q See Hint If he cuts his price by 10%. his sales will increase to 550 pizzas, and his total revenue will increase to $ 11790