Pizza is a normal good if the demand a. for pizza rises when income rises. b. for pizza rises when the price of pizza falls. C. curve for pizza slopes upward. d. curve for pizza shifts to the right when the price of burritos rises, assuming burritos are substitutes.
Pizza is a normal good if the demand a. for pizza rises when income rises. b. for pizza rises when the price of pizza falls. C. curve for pizza slopes upward. d. curve for pizza shifts to the right when the price of burritos rises, assuming burritos are substitutes.
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 3QCMC
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