If Pizza Hut Decreases Its Price for a Large Pizza

question 189

True/False

If Pizza Hut decreases its price for a large pizza by 25% and this leads to a 75% increase in sales,we can conclude that demand is relatively elastic with regard to price.

---

Definitions:

Adult Motives

The underlying psychological forces that drive behaviors and decisions in grown individuals.

Parent/Child Relationships

The dynamic and interaction between a parent and their child, which can influence the child's development, behavior, and emotional well-being.

Functional Autonomy

A concept in psychology that suggests certain behaviors might originate from past motivations but continue independently of those original reasons due to new motivations.

Adult Motivation

The reasons or incentives that drive behavior and decision-making in adults, often influenced by personal goals, needs, and desires.