14. Pizza is a normal good. When the price of a pizza decreases from $12 to $10, A) the income effect means people buy less pizza. B) the income effect means people buy more pizza. C) the quantity demanded of pizza will not change. D) None of the above answers is correct.

Economics For Today
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ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter6: Consumer Choice Theory
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14. Pizza is a normal good. When the price of a pizza decreases from $12 to $10,
A) the income effect means people buy less pizza.
B) the income effect means people buy more pizza.
C) the quantity demanded of pizza will not change.
D) None of the above answers is correct.
Transcribed Image Text:14. Pizza is a normal good. When the price of a pizza decreases from $12 to $10, A) the income effect means people buy less pizza. B) the income effect means people buy more pizza. C) the quantity demanded of pizza will not change. D) None of the above answers is correct.
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