### CFA Practice Question

There are 539 practice questions for this study session.

### CFA Practice Question

Suppose that the initial price of pizza is \$2 and the initial quantity demanded is 100 pizzas. If the price increases to \$2.20 and the quantity demanded falls to 90, what is the price elasticity of demand (in absolute value)?

A. 10
B. 1
C. 1.10

Based on the formula: [(100 - 90)/((100 + 90)/2)] / [(2 - 2.2)/((2 + 2.2)/2)] = 1.1.
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