$4 D3 D D2 Number of pizzas per month Figure A 1. Refer to Figure A. The movement from point A to point C reflects: A A) a decrease in the price of pizza. B) an increase in the demand for pizza. C) an increase in the number of people who cat pizza. D) an increase in the price of the tomato sauce used to produce pizza. 2. Refer to Figure A. Which of the following would be most likely to cause the demand for pizza to shift from Di to D3? A) an increase in the price of pizza B) an increase in the price of flour used to make pizza C) a decrease in income, assuming pizza is a normal good D) an increase in the demand for pizza C. Price of pizza %24
$4 D3 D D2 Number of pizzas per month Figure A 1. Refer to Figure A. The movement from point A to point C reflects: A A) a decrease in the price of pizza. B) an increase in the demand for pizza. C) an increase in the number of people who cat pizza. D) an increase in the price of the tomato sauce used to produce pizza. 2. Refer to Figure A. Which of the following would be most likely to cause the demand for pizza to shift from Di to D3? A) an increase in the price of pizza B) an increase in the price of flour used to make pizza C) a decrease in income, assuming pizza is a normal good D) an increase in the demand for pizza C. Price of pizza %24
Chapter4: Utility Maximization And Choice
Section: Chapter Questions
Problem 4.2P
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Question
Solve 2nd question
Transcribed Image Text:$4
A
D D2
Number of pizzas
per month
D3
Figure A
1.
A
Refer to Figure A. The movement from point A to point C reflects:
A) a decrease in the price of pizza.
B) an increase in the demand for pizza.
C) an increase in the number of people who cat pizza.
D) an increase in the price of the tomato sauce used to produce pizza.
2.
Refer to Figure A. Which of the following would be most likely to cause the demand for
pizza to shift from Di to D;?
A) an increase in the price of pizza
B) an increase in the price of flour used to make pizza
C) a decrease in income, assuming pizza is a normal good
D) an increase in the demand for pizza
C.
Price of pizza
%24
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