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

The law of demand states that as the price of a good decreases, the quantity demanded for that good will increase, ceteris paribus (all other things held constant). Looking at the table, we can see that as the price of the pizza decreases from $10 to $5, the quantity demanded increases from 20 to 40. This indicates an inverse relationship between price and quantity demanded, which is consistent with the law of demand. Therefore, all the choices - 40, 35, and 30 - could be correct.

The Following Table Contains a Monthly Demand Schedule for Large