The Amount of Pizzas That Consumers Want to Buy Per

question 71

Multiple Choice

The amount of pizzas that consumers want to buy per week is reflected in the equation P = 15 - .02Q_d,where Q_d is the amount of pizzas purchased per week and P is the price of pizzas.On the basis of this information we can say that:

• A) if pizzas were free,people would consume 800 per week.
• B) more pizzas will be purchased at a high price than at a low price.
• C) if the price of pizzas is $6,then 150 will be purchased.
• D) 50 fewer pizzas will be purchased per week for every $1 increase in price.

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Definitions:

Nation's Exports

The goods and services produced in one country and sold to buyers in another country.

Imports

Goods or services brought into one country from another for sale or exchange.

Exchange Rate

The value of one currency for the purpose of conversion to another, impacting trade and economics globally.

Transactions

The action of conducting business or trading between parties, typically involving the exchange of goods, services, money, or information.