The Amount of Pizzas That Consumers Want to Buy Per

question 45

Multiple Choice

The amount of pizzas that consumers want to buy per week is reflected in the equation P = 15 - .02Q_d, where Q_d is the amount of pizzas purchased per week and P is the price of pizzas. On the basis of this information, we can say that

• A) if pizzas were free, people would consume 800 per week.
• B) more pizzas will be purchased at a high price than at a low price.
• C) if the price of pizzas is $6, then 150 will be purchased.
• D) 50 fewer pizzas will be purchased per week for every $1 increase in price.

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