Given below is a demand schedule for pizza in a market Average Price of Pizza Quantity demanded (millions per week) $21 8 $18 14 $15 20 $12 26 $9 32 What is the slope of the demand curve What is the price elasticity of demand at 12$ and $6 What observation(s) can you make based on these values Using the formulae that we used in class, how many units can you sell at $16 25

Question: Given below is a demand schedule for pizza in a market Average Price of Pizza Quantity demanded (millions per week) $21 8 $18 14 $15

Given below is a demand schedule for pizza in a market

Average Price of Pizza	Quantity demanded (millions per week)
$21	8
$18	14
$15	20
$12	26
$9	32

What is the slope of the demand curve?

What is the price elasticity of demand at 12$ and $6? What observation(s) can you make based on these values?

Using the formulae that we used in class, how many units can you sell at $16.25?

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Demand Curve Slope The slope of the demand curve is negative indicating that as the price of pizza increases the quantity demanded decreases This is a ... View full answer

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