Price (dollars per pizza) S S2 9. Quantity (millions of pizzas per year) In the above figure, the movement from point a to point b reflects J A) an increase in the price of pizza. B) an increase in the number of producers of pizza. C) an increase in the supply of pizza. D) a decrease in income if pizza is a normal good. E) a decrease in the cost of the tomato sauce used to produce pizza.

Price (dollars per pizza) S S2 9. Quantity (millions of pizzas per year) In the above figure, the movement from point a to point b reflects J A) an increase in the price of pizza. B) an increase in the number of producers of pizza. C) an increase in the supply of pizza. D) a decrease in income if pizza is a normal good. E) a decrease in the cost of the tomato sauce used to produce pizza.

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Measuring The Cost Of Living

Section: Chapter Questions

Problem 3PA

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