4. Pizza is a normal good if: a. The demand for pizza rises when income rises. b. The demand for pizza rises when the price of pizza falls. c. The demand curve for pizza slopes downward. y d. The demand curve for pizza shifts to the right when the price of falafels falls, assuming pizza and falafel are substitutes.
4. Pizza is a normal good if: a. The demand for pizza rises when income rises. b. The demand for pizza rises when the price of pizza falls. c. The demand curve for pizza slopes downward. y d. The demand curve for pizza shifts to the right when the price of falafels falls, assuming pizza and falafel are substitutes.
Chapter3: Supply And Demand: Theory
Section3.1: What Is Demand
Problem 1ST
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