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
C
Economics
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Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
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The internationalization of our economy has
A. made macropolicy more important. B. made macropolicy less important. C. had little effect on the importance of macropolicy.
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