question archive Consider the market for pizza
Consider the market for pizza
Subject:MarketingPrice:2.88 Bought3
Consider the market for pizza. Which of the following would cause a decrease in market equilibrium price and quantity?
a. A decrease in the number of pizza buyers.
b. A decrease in the number of pizzerias.
c. An increase in the price of hamburgers, a substitute for pizza.
d. A decrease in the price of cheese, an input to pizza.
e. An improvement in pizza-making technology.
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Consider the market for pizza. Which of the following would cause a decrease in market equilibrium price and quantity? a. A decrease in the number of pizza buyers.
If there was a decrease in the number of buyers for any reason, then the quantity demanded would go down. When demand falls, both quantity and price also fall.
