Read each question and choose the best answer. According to the law of demand, when the price of pizza goes up, A. consumers will buy less pizza. B. consumers will save more money C. pizza restaurants will stop making pizza D pizza restaurants will make more money.

Question

Read each question and choose the best answer. According to the law of demand, when the price of pizza goes up, A. consumers will buy less pizza. B. consumers will save more money C. pizza restaurants will stop making pizza D pizza restaurants will make more money.

Answer 1

## Step 1The law of demand is a fundamental principle in economics that states that, all else being equal, as the price of a good or service increases, the quantity demanded decreases. This is because consumers are less likely to buy a good or service that is more expensive than they are willing to pay.## Step 2In this problem, the good in question is pizza. According to the law of demand, if the price of pizza increases, the quantity demanded will decrease. This means that consumers will buy less pizza.## Step 3The other options (B, C, and D not directly related to the law of demand. They involve other economic factors such as consumer saving behavior, production decisions of pizza restaurants, and the profitability of pizza restaurants. These factors are not directly related to the law of demand, which the relationship between price and quantity demanded.

Problemas

Read each question and choose the best answer. According to the law of demand, when the price of pizza goes up, A. consumers will buy less pizza. B. consumers will save more money C. pizza restaurants will stop making pizza D pizza restaurants will make more money.

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