Question

The price of a large pizza decreased from $18.00 to $14.00. As a result, the quantity...

The price of a large pizza decreased from $18.00 to $14.00. As a result, the quantity demanded of skateboards increased from 250.00 to 270.00.

1st attempt

Part 1   (1 point)

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Using the midpoint formula, what is the percentage change observed for the price of a large pizza? Give your answer to two decimal places.
    %

Part 2   (1 point)

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Using the midpoint formula, what is the percentage change observed for the quantity demanded of skateboards? Give your answer to two decimal places.
    %

Part 3   (1 point)

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What is the cross-price elasticity of demand between pizzas and skateboards? Give your answer to two decimal places.
     

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