Answer to Question #217666 in Macroeconomics for Varsay sackor

Question

 Refer to the accompanying figure. The total utility of consuming 4 pizzas a week is:

A) 15 B) 22.5 C) 75 D) 90

5. The price elasticity of demand for a good measures the responsiveness of: A) demand to a 1 percent change in price of that good.

B) price to a 1 percent change in the demand for that good.

C) quantity demanded to a 1 percent change in price of that good.

D) price to a 1 percent change in the quantity demanded of that good.

Answer 1

1.

The complete question is

TU of 4 pizzas = 90

option(D)

2.

C) quantity demanded to a 1 percent change in price of that good.