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PRICE ELASTICITY APPLICATION I A Pizza parlor considers changing prices for their most popular items, supreme pizzas to increase protability. In average, it sells 20

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PRICE ELASTICITY APPLICATION I A Pizza parlor considers changing prices for their most popular items, supreme pizzas to increase protability. In average, it sells 20 supreme pizzas per night at $ | 0. It decided to increase the price to $ | 2 and it sold l8. It costs about $5 to make a supreme pizza Are the customers who purchase the supreme pizza price sensitive or not? What is the price elasticity? (Show work.) Is it a good idea to increase prices or should the store offer a sale

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