Question

If the population of California drops by 25%, draw the curve shift involved for cheese pizza. NAME THE SHIFTER

A.Consumer Income
B. Price of Related Goods
C. Consumer Expectation of Future Prices
D. Number of Potential Customers
E. Consumer Tastes and Advertising
F. No shift

Answer 1

Answer:

D. Number of Potential Customers

Explanation:

The population of a state is the total number of the potential customers in the state. When there is a 25% decrease in the population, this means that the potential customers have reduced by 25%.

The decrease in population can be as a result of factors such as war, disease outbreak, natural disaster such as hurricane and others.

However, the decrease in population might not increase the number of potential customer of Cheese pizza if the decrease in population does not include any of the sector ( probably an age range of cheese pizza customers).