1 ) A pizza company does some market Research and finds that at a price of $5 pel small Pepperoni pizza , they sell 125 pizzas peh night . The price of cheese has increased and the pizza company is considering palling that inclease on to their costumess . Jof The pizza company increases the price of pizza to $ 5.75 they estimate that they will sell 115 pizza per night ( a. ) what is the price elasticity of demand for pizzas ? (6.1 98 this elastic on inelastic ? ( ) when elasticity of demand is as you calculated in a, you predict the impact or total Revenue of an increase in price . What do you predict will happen to the firms' total Revenue from small pizzas if they inclease the price from $ 5 to $ 5. 75? Calculate The film s total Revenue from small pizzas at the $5 price and at the $5 75 price ? e. ) what your prediction in ccollect ? of ) In the head world , do you think that the demand pizzal in elastic oh inelastic ? what factors do you think , explain YOUR and wel