2
QuizMultiple Choice

Case Study: Starting a Business

Question 2 of 10 • TX-Economics Chamberlain P4 T1

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?

Answer
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.
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