The Circle Graph Below Shows the Number of Pizzas Consumed

question 211

Multiple Choice

The circle graph below shows the number of pizzas consumed by college students in a typical month. Use the graph to
answer the question.
-If State University has approximately 28,000 students, about how many would you expect to consume 5-6 pizzas in a typical month?

• A) 5040 students
• B) 952 students
• C) 504 students
• D) 9520 students

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Definitions:

Price Fixing

The practice of colluding with other firms to control prices.

Marketing Channel

The paths or routes that products and services take from the time they are produced until they are purchased by consumers, including intermediaries such as distributors and retailers.

Horizontal Price Fixing

Occurs when competitors that produce and sell competing products collude, or work together, to control prices, effectively taking price out of the decision process for consumers.

Experience Curve Effect

Refers to the drop in unit cost as the accumulated volume sold increases; as sales continue to grow, the costs continue to drop, allowing even further reductions in the price.