Question
Suppose that Lisa purchases 2 pizza per month when the price is $24 and 12 pizzas per month when the price is $13. What is
Suppose that Lisa purchases 2 pizza per month when the price is $24 and 12 pizzas per month when the price is $13. What is the price elasticity of Lisa's demand curve? Use the Midpoint Method to answer this problem.
Please calculate the answer to two decimal places.
Please remember, we always talk about elasticities as positive numbers.
Your Answer:
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Managerial economics
Authors: william f. samuelson stephen g. marks
7th edition
9781118214183, 1118041585, 1118214188, 978-1118041581
