Price Elasticity of Demand
{"Image DocumentName": "Price Elasticity of Demand", "Image ImageDescription": "If the price falls from  10 to  0, the quantity demanded increases from 30 to 50 pizzas an hour. The average price is  5 and the average quantity is 40 pizzas. The price elasticity is (20/40)/(10/5), which equals 1/4.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}