Illustrate what was price elasticity of demand for domino

Assignment Help Business Economics
Reference no: EM1364377

One football season Domino's Pizza, a corporate sponsor of the Washington Redskins (a football team), offered to reduce the price of its medium-size pizza by $1 for every touchdown scored by the Redskins during the previous week. Until that year, the Redskins weren't scoring many touchdowns. Much to the surprise of Domino's, in one week in 1999, the Redskins scored six touchdowns. (Maybe they like pizza.) Domino's pizzas were selling for $2 a pie! The quantity of pizzas demanded soared the following week from 1 pie an hour to 100 pies an hour. What was price elasticity of demand for Domino's pizza?

Reference no: EM1364377

Questions Cloud

Explain bob and tom have been friends and co-workers : Explain Bob and Tom have been friends and co-workers for many years and Tom was telling Bob about the hard time he was having finding work
Ergonomics and safety : Discuss how you could use design principles to reduce the risk of injury for this job. What obstacles might prevent your proposed job design from being implemented?
How hard must she pull downward to raise herself : A train has the length of 114 m and starts from rest with a constant acceleration at time t = 0 s. At this instant, a car just reaches the end of the train.
Illustrate what is the effect on equilibrium real gdp : Suppose that Congress enacts a lump-sum tax cut of $750 billion. The marginal propensity to consume is equal to 0.75. Assuming that Ricardian equivalence holds true, illustrate what is the effect on equilibrium real GDP.
Illustrate what was price elasticity of demand for domino : The quantity of pizzas demanded soared the following week from 1 pie an hour to 100 pies an hour. Illustrate what was price elasticity of demand for Domino's pizza.
Determine features of ram to include in web server : Determine the features and capacities (RAM, disk storage, processor speed) that Amy should include in the Web server computer that she will need for her site.
What is the electric flux through the surface : A flat surface with area 1.6 m2 is in a uniform electric field of 560 N/C. What is an electric flux through the surface when it is oriented as follows.
Compute a range of possible values for total gain : Compute a range of possible values for total gain with a Illustrate what is meant by the term 'utility,' and how does it relate to purposeful behavior.
How strong is the electric field between the plates : A speedboat moving at 30 m/s approaches a no-wake buoy marker 100 m ahead. The pilot slows the boat with a constant acceleration of negative 3.5 m/s^2 by reducing the throttle. How long does it take boat to reach the buoy.

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what factor might the global financial crisis hit

Illustrate what factors might explain why the $A went so low when the Global financial crisis hit the world economy in late 2008?

  Original owners must sell their used cars

Original owners must sell their used cars. Original owners know what their cars are worth, but buyers can't determine a cars quality until they buy it.

  Three adm executives

One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.

  Elucidate why is productivity related to the standard

Elucidate why is productivity related to the standard of living. In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labor productivity.

  Congested urban area it generates illustrate

when A person buys a car in a congested urban area it generates illustrate what type of externality.

  Discuss the uses of elasticity of demand

Using appropriate diagrams and notations,carefully explain the relationship b/n elasticity, total revenue and marginal revenue. 2,discuss the uses of elasticity of demand.

  What feature of a ppf illustrates increasing opportunity

Illustrate what feature of a PPF illustrates increasing opportunity cost also elucidate why does your PPF not have this feature.

  Explain how much of current unemployment can be attribute

explain how much of the current unemployment can be attributed to cyclical factors.

  Sections of the production function

Within which sections of the production function is marginal product increasing. Explicate the link between scarcity, choice and opportunity cost

  Elucidate the multiplier concept as it applies in this case

Elucidate the multiplier concept as it applies in this case. Illustrate what are the qualifications and limitations of the multiplier model.

  Elucidate how the factors determining resource demand

Elucidate how the factors determining resource demand differ from those determining product demand. Explain the meaning and significance of the fact that the demand for a resource is a derived demand. Why do resource demand curve slope downward.

  Kaufmanns offers only an hourly wag

Kaufmann's offers only an hourly wage. Do you expect Kaufmann's hourly wage to be higher or lower than Farleigh's.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd