A decrease in the price of pizza will lead to a(n):
A. increase in the demand for pizza.
B. increase in the quantity of pizza demanded.
C. decrease in the number of consumers.
D. decrease in the quantity of pizza demanded.
Answer: B
You might also like to view...
A firm should hire more labor when the marginal revenue product of labor
A) equals the wage rate. B) exceeds the wage rate. C) is less than the wage rate. D) Any of these can be true. E) None of these are true.
Which of the following groups rejects the view that government policy can reduce the rate of unemployment even in the short run because that policy would be undermined by people's incorporation of the anticipated consequences of the policy into their present decisions?
a. classical school b. Keynesian school c. neo-Keynesian school d. rational expectations school e. supply-side school