If the Price of a Pizza Were to Increase to $50

question 8

Multiple Choice

If the price of a pizza were to increase to $50, many people would give up eating pizza while others would continue to eat it. This would indicate

• A)those who are buying pizza value it at least $50 per pizza.
• B)those who are not buying pizza value it more than $50 per pizza.
• C)only those who are extremely wealthy are buying pizza.
• D)the price of pizza needs to be regulated by the federal government.

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Definitions:

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections for individuals, including the right against self-incrimination and double jeopardy, as well as ensuring due process of law.

Profit

Financial gain obtained from an investment, operation, or venture after subtracting the expenses.

Land

The solid part of the earth's surface, considered as property and subject to ownership and use rights.

Future Interest

A person’s present right to property ownership and possession in the future.