One Guy’s Pizza advertising expenditures are $1,200 and sales are $30,
One Guy’s Pizza advertising expenditures are $1,200 and sales are $30,000. When the advertising expenditure increases to $1,400, pizza sales increase to $32,000. The arc advertising elasticity of demand is approximately ________.
A) 0
B) 0.1
C) 0.4
D) 2.5
E) 12.5
ANSWER
C
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