If a pizza hut restaurant near campus reduces its pizza prices by 15% and as a result its total revenue from pizza sales increases, this indicates that the price elasticity of demand was (elastic, inelastic)

elasticity

Explanation:

Elasticity is a concept that aims to measure the sensitivity of demand in the face of price changes. When the price increases / decreases and the quantity demanded does not decrease / increases considerably, we say that the demand is inelastic (little price sensitive). On the contrary, when the price increases / decreases and the quantity demanded decreases / increases considerably, we say that the demand is elastic, that is, sensitive to price changes. In the case narrated, the decrease in the price of pizza increased the revenue of the pizza because it considerably increased the demand. Therefore, the demand for pizza is price elastic.

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

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our agriculture industry and our business industry