(Answered) Inverse elasticityimagine youve started a new pizza

Economics

Inverse Elasticity:

Imagine you've started a new pizza restaurant. It costs you about $3 to produce a pizza.

Last week you sold 450 pizzas for $12 each.

This week you raised your price and sold 300 pizzas for $16 each.

What price should you be charging? (round to the nearest penny)

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Business Economics, Economics

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