The Owner of a Pizza Shop Observes That When She

question 3

Multiple Choice

The owner of a pizza shop observes that when she raises the price of a large pizza, her total revenue decreases, and when she lowers the price of a large pizza, her total revenue increases. This suggests that:

• A)pizza lovers act irrationally.
• B)the demand for her large pizzas is elastic with respect to price.
• C)there are few good substitutes for a large pizza.
• D)the demand for her large pizzas is inelastic with respect to price.

---

Definitions:

Cystitis

Inflammation of the bladder, often caused by a urinary tract infection, leading to symptoms like pain, burning during urination, and frequent need to urinate.

Frequent Urge To Urinate

An immediate and strong impulse to urinate that can be symptomatic of urinary tract infections, diabetes, or bladder conditions.

Sensation Of Burning

A physical feeling often described as a painful heat or stinging sensation, which can be caused by nerve damage or inflammation.

Connective Tissue

Tissue that supports, binds, or separates other tissues or organs, consisting of cells embedded in a large amount of extracellular matrix.