Question
Q6 Marco's Pizza has a specialty pizza that is normally priced at $13 . At this price, Marco's sells 66 pizzas. The pizza costs Marco
Q6 Marco's Pizza has a specialty pizza that is normally priced at $13. At this price, Marco's sells 66 pizzas. The pizza costs Marco $3.12 to make. As an experiment, Marco decided to increase the price of this pizza by $2 and found that sales fell to 47. Assuming a linear demand function, at what price would the demand for Marco's specialty pizza drop to zero?
Currency (US): ANSWER PLEASE !!
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Environmental Economics and Management Theory, Policy and Applications
Authors: Scott J. Callan, Janet M. Thomas
6th edition
1111826673, 1111826676, 1439080634, 1439080631, 9781285528540 , 978-1111826673
