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Use the information in Table 2 to answer the following questions. Table 2. Cross-Price Elasticity of Pizza in Fayetteville, Arkansas Tim's Z's Mellow Mushroom
Use the information in Table 2 to answer the following questions. Table 2. Cross-Price Elasticity of Pizza in Fayetteville, Arkansas Tim's Z's Mellow Mushroom Tim's -2.97 67 1.15 Z's 194 -1.92 72 Mellow Mushroom 47 18 -2.65 What do ALL of the positive, off diagonal values in table tell us about the pizza offered by the restaurants in Fayetteville? According to the data in Table 2, a 10% increase in the price of Tim's pizza will do what to the demand for Mellow Mushroom pizza? Enter your response in numerical terms (no percentage sign). For example, a 50% increase would be entered as 50 and a 20% decrease would be entered as-20.
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