Suppose that the quantity of pizza demanded decreased by 15 percent after an increase in price of 10 percent. What is the price elasticity of demand for pizza?
A) 1.50
B) 0.67
C) -1.50
D) -0.67

Question

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The Answer of Suppose that the quantity of pizza demanded decreased by 15 percent after an increase in price of 10 percent. What is the price elasticity of demand for pizza?
A) 1.50
B) 0.67
C) -1.50
D) -0.67

Suppose That the Quantity of Pizza Demanded Decreased by 15