The Amount of Pizzas That Consumers Want to Buy Per

question 71

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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Definitions:

Social Comparison

Social comparison is the process by which individuals evaluate their own opinions and abilities by comparing themselves to others, to assess their worth or status.

Implicit Influence

Refers to the subtle or indirect impact that affects individuals' attitudes, beliefs, or behaviors without their conscious awareness.

Conversion Theory

A psychological theory suggesting that minority groups can influence the majority through consistency and confidence in their viewpoints.

Instantaneously

Occurring or done in an instant or immediately, without any noticeable delay.