You are not selecting multiple indexes with PriceList[0][1][2][3][4][5][6] , instead each [] is going into a sub index.
Try this
PizzaChange=float(input("What would you like the new price for all standard pizzas to be? "))
PriceList[0:7]=[PizzaChange]*7
PriceList[7:11]=[PizzaChange+3]*4