Imagine the price of pizza from a restaurant has dramatically increased to $75 a pizza - What
Fantastic news! We've Found the answer you've been seeking!
Question:
Imagine the price of pizza from a restaurant has dramatically increased to $75 a pizza - What will you do? Will your pizza eating habits change? What factors will influence your decision?
Consider:
- Why do you eat pizza? For the taste? To socialize? The price?
- What portion of your discretionary income do you currently spend on pizza? How would that change with this price increase?
- Would your friends/family influence you?
- Are appealing substitutes available?
Related Book For
Intermediate Microeconomics and Its Application
ISBN: 978-0324599107
11th edition
Authors: walter nicholson, christopher snyder
Posted Date: