When the Price of Pizza Increases, Consumers Have an Incentive

question 45

Multiple Choice

When the price of pizza increases, consumers have an incentive to:

• A) decrease their demand for pizza.
• B) purchase substitute goods, such as Chinese food.
• C) increase their consumption of pizza since it is now more valuable.
• D) open another pizza restaurant in order to increase supply and drive prices down.

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Definitions:

Social Entrepreneurs

Entrepreneurs who establish enterprises with the primary goal of solving social problems or effecting social change, using business principles to achieve their objectives.

Accountability

The obligation of an organization or individual to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.

Social Entrepreneurs

Individuals who establish enterprises with the aim to solve social problems or effect social change, typically focusing on innovation and sustainability.

Constituencies

Groups or bodies of voters, customers, or supporters representing a distinct demographic or interest served by an organization, representative, or official.