Question

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

Answer:

D). It will help to satisfy the demand.

Explanation:

As per the survey data provided, the opening of a new pizza place will assist in satisfying the needs of the people as the majority of people(52%) believe that an additional pizza place is required in their locality. It implies that the demand for pizza in the area is quite high and existing pizza shops are unable to cater to the demand. Thus, the opening of a new pizza place will help in meeting the demands proportionately, and hence, option D is the correct answer.