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DEMAND-RELATED PRICING CALCULATIONS A. Price Elasticity of Demand Calculate the price elasticity of demand for a restaurants pizza under the following conditions: Old Price: $8.00

DEMAND-RELATED PRICING CALCULATIONS

A. Price Elasticity of Demand

Calculate the price elasticity of demand for a restaurants pizza under the following conditions:

Old Price: $8.00 Old Quantity: 1,000/month

Total Revenue: $8,000

New Price: $10 New Quantity: 900/month

Total Revenue: $9,000

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