The following table contains a monthly demand schedule for large, single-topping, carry-out pizzas. If the law of demand applies to these pizzas, then A could be

Question

The following table contains a monthly demand schedule for large, single-topping, carry-out pizzas.  If the law of demand applies to these pizzas, then A could be

Quizplus · Accepted Answer

According to the law of demand, as the price of a good increases, the quantity demanded of that good will decrease. Looking at the demand schedule provided, we can see that as the price of a pizza decreases from $15 to $10 to $5, the quantity demanded increases from 20 to 25 to 30. This pattern is consistent with the law of demand, and therefore all three choices (40, 35, and 30) could be correct prices for pizza.

The Following Table Contains a Monthly Demand Schedule for Large