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?

It will result in excess supply.
It will result in excess demand.
It will help to reduce the supply.
It will help to satisfy the demand.

Answer 1

It will help to satisfy the demand.

Reason: 52% of respondents said an additional pizza place is needed, indicating unmet demand; opening one would help meet that demand.