Question
As the price of a slice of pizza increases, what most likely happens to the quantity demanded?
There isn’t enough information to answer the question.
It increases.
It remains the same.
It decreases.
Answers
GPT-4o mini
It decreases.
As the price of a slice of pizza increases, the quantity demanded typically decreases, according to the law of demand. Consumers tend to buy less of a good when its price rises, all else being equal.
As the price of a slice of pizza increases, the quantity demanded typically decreases, according to the law of demand. Consumers tend to buy less of a good when its price rises, all else being equal.