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Question 5 (1 point) If a 50 percent increase in the price of pizza results in a 25 percent decrease in the quantity demanded of

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Question 5 (1 point) If a 50 percent increase in the price of pizza results in a 25 percent decrease in the quantity demanded of pizza, then the price elasticity of demand for pizza: is equal to 0.5 and demand for pizza is inelastic. O is equal to 0.5 and demand for pizza is elastic. O is equal to 2 and demand for pizza is elastic. cannot be determined from the information provided

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