In the above figure, the shift in the demand curve from D to D1 can be the result of
A) a decrease in income if pizza is a normal good.
B) a decrease in the price of a sub sandwich, a substitute for pizza.
C) an increase in the price of soda, a complement to pizza.
D) an increase in the number of teenagers, all of whom demand more pizza than do other age groups.
E) new technology that increases the profit from producing pizza.
D
Economics
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Refer to the table above. What is the surplus in the market when the price of a notebook is $9?
A) 16 units B) 20 units C) 24 units D) 26 units
Economics
Envision a graph with meat on the horizontal axis and vegetables on the vertical axis. A strict vegetarian would have indifference curves that are:
A) vertical lines. B) horizontal lines. C) diagonal straight lines. D) right angles. E) upward sloping.
Economics