-The Above Figure Shows a Graph of the Market for Pizzas

question 38

Multiple Choice

-The above figure shows a graph of the market for pizzas in a large town.If the price increases from $7 to $8 per pizza,the quantity of pizzas supplied will

• A) increase by 30.
• B) increase by 20.
• C) decrease by 10.
• D) decrease by 20.

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Definitions:

Purchase Decision Process

The stages a consumer goes through in deciding to buy a product or service, including recognition of need, information search, evaluation of alternatives, purchase, and post-purchase evaluation.

Advertisements

Public notices or announcements, typically promoting a product, service, or event, through various media channels.

Salespeople

Individuals who are employed to sell products or services to customers, using various techniques to persuade potential buyers and close sales.

Information Search

The process by which consumers seek and gather information about products, services, or ideas before making a purchasing decision.