2. Economics
3. the price of a large pizza decreased from 2400 to...

# Question: the price of a large pizza decreased from 2400 to...

###### Question details

the price of a large pizza decreased from $24.00 to$20.00. As a result, the quantity demanded of skateboards increased from 330.00 to 350.00.

part 1. 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. Using the midpoint formula, what is the percentage change observed for the quantity demanded of skateboards? Give your answer to two decimal places.

part3. What is the cross-price elasticity of demand between pizzas and skateboards? Give your answer to two decimal places.