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Angela and Dominic Own Cincy by the Slice Pizzeria

question 91

Multiple Choice

Angela and Dominic own Cincy by the Slice pizzeria.They are interested in keeping track of the number of mentions their store receives on sites like Twitter and Facebook,but they are unsure of which steps to take next.Which of the following resource would best meet their needs?


Definitions:

Immediate Market Period

A very short time frame in economics during which the supply of a good is fixed, meaning that the quantity of the good cannot change in response to a change in price.

Time Horizon

The length of time over which an investment, project, or policy is intended or expected to operate or have an impact.

Demand Curve

A demand curve is a graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers over a certain period.

Law of Supply

An economic principle stating that as the price of a good or service increases, the quantity supplied of that good or service also increases, all else being equal.

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