Assume that the quantity consumed of pizza is dependent on three factors: the price of a pizza, the income of pizza purchasers, and consumersʹ taste for pizza. When graphing the relationship between the price of a pizza and the quantity of pizza consumed
A) the price of pizza and quantity consumed of pizza are the only variables that are allowed to change.
B) consumersʹ taste for pizza and the income of pizza purchasers are the only variables that are allowed to change.
C) the price of a pizza and the income of pizza consumers are the only variables that are allowed to change.
D) None of the above answers are correct.

Question

Quizplus · Accepted Answer

The relationship between the price of a pizza and the quantity of pizza consumed is a two-variable relationship. Only the price of pizza and the quantity consumed of pizza are allowed to change in this relationship. The other two factors, consumersʹ taste for pizza and the income of pizza purchasers, are held constant as we are only examining the relationship between price and quantity demanded.

Assume That the Quantity Consumed of Pizza Is Dependent on Three