The Amount of Pizzas That Consumers Want to Buy Per

question 250

Multiple Choice

The amount of pizzas that consumers want to buy per week is reflected in the equation P = 15 - .02Qd, where Qd 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:

Undertake Investment

The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.

Interest Rate

The rate at which a certain amount of money is charged for borrowing it, usually specified as an annual figure.

Income

Regular financial receipts from employment or capital investments.

Undertake Investment

The act of committing money or capital to an endeavor with the expectation of obtaining additional income or profit.