Question

The price of a slice of pizza has increased by $1 from an earlier, lower price. Which statement is most likely true about Ashley?

Ashley’s quantity demanded is unchanged.

Ashley will buy two fewer slices of pizza.

Ashley will not buy any pizza.

Ashley will buy four slices of pizza.

Answer 1

The price of a slice of pizza has increased by $1 from an earlier, lower price. Which statement is most likely true about Ashley? Ashley's quantity demanded is unchanged. Ashley will buy two fewer slices of pizza. Ashley will not buy any pizza. Ashley will buy four slices of pizza

Answer 2

You didn't provide any information about Ashley's paychecks but she will probably
Ashley will buy two fewer slices of pizza.

That is because of the law of demand and supply which states that if prices goes up then sales become lower. If the price per piece go up then she will buy fewer pieces because she still has the same amount of money since her paycheck probably didn't increase by a dollar for each pizza slice.