What factor might lead to the opening of several new pizzerias in a town? the price of a slice of pizza has gone up. the supply of pizza is inelastic. the cost of producing pizza has doubled. the price of a slice of pizza has gone down?

Question

Hugo Ali

Business

4 November, 22:23

What factor might lead to the opening of several new pizzerias in a town? the price of a slice of pizza has gone up. the supply of pizza is inelastic. the cost of producing pizza has doubled. the price of a slice of pizza has gone down?

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Malachi Larson · Answer 1

The answer is: The price of a slice of pizza has gone up.

When the price of pizza has gone up, many customers would start to see other options as a place to obtain new pizzas, which could afford to give it at lower places. This will lead to the establishment of several competitors to answer that demand.