What will happen to total revenue if price of pizza decrease

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Problem 1: Your business partner finds a new way to organise the business that reduces the cost of delivering a pizza. She believes this will enable the business the reduce the price of pizza from $12 to $10. It is estimated that the price elasticity of demand for pizza is -1.3. What will happen to total revenue if the price of pizza is decreased? What should you do?

Reference no: EM132726107

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