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Stephanos spends all of his $500 allowance on slices of pizza and gas for his pickup...

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Economics

  1. Stephanos spends all of his $500 allowance on slices of pizzaand gas for his pickup truck. He spends eighty percent of this onpizza and the rest on gas. Because of a shortage of gas, the priceof gas increases by 40%. This makes his consumption of gas(measured in gallons) fall by 20%. If he keeps spending all hismoney on pizza and gas, what is the percentage change in hisconsumption of pizza (measured in slices)?

Answer & Explanation Solved by verified expert
3.6 Ratings (402 Votes)
Stephanos spends all of his 500 allowance on slices of pizza and gas for his pickup truck He spends eighty percent of this on pizza and the rest on gas He spends 80100500 400 on pizza 500 400 100 on gas Now Assume price of    See Answer
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