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A local pizzeria sells large pizzas at a price of $14 each The price elasticity of demand for its pizza is 0.8 If the pizzeria raises the price of large pizzas by 10% its total revenue will

A local pizzeria sells large pizzas at a price of $14 each. The price elasticity of demand for its pizza is -0.8. If the pizzeria raises the price of large pizzas by 10%, its total revenue will: Remain unchanged Decrease by more than 10% Decrease by less than 10% Increase by less than 10% Increase by more than 10%

Apr 23 2020 View more View Less

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