Question
Read the results from a survey of consumers in Anytown.
• Fourteen percent of participants desire a store that offers custom-made shoes.
• Thirteen percent of participants plan to purchase a new phone in the next year.
• Fifty-two percent of participants think an additional pizza place is needed.
• Twenty-one percent of participants say they purchase bagels on a daily basis.
Based on the survey data, what will occur if a new pizza place opens?
A: It will result in excess supply.
B: It will result in excess demand.
C: It will help to reduce the supply.
D: It will help to satisfy the demand.
• Fourteen percent of participants desire a store that offers custom-made shoes.
• Thirteen percent of participants plan to purchase a new phone in the next year.
• Fifty-two percent of participants think an additional pizza place is needed.
• Twenty-one percent of participants say they purchase bagels on a daily basis.
Based on the survey data, what will occur if a new pizza place opens?
A: It will result in excess supply.
B: It will result in excess demand.
C: It will help to reduce the supply.
D: It will help to satisfy the demand.
Answers
GPT-4o mini
Based on the survey data, fifty-two percent of participants think an additional pizza place is needed. This indicates that there is a demand for more pizza options in Anytown. Therefore, if a new pizza place opens, it will likely help to satisfy the demand.
The correct answer is:
**D: It will help to satisfy the demand.**
The correct answer is:
**D: It will help to satisfy the demand.**