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.