Pepsi and pizza are normal goods. When the price of pizza falls, the substitution effect by itself will cause a
a. shift to a lower indifference curve so that the consumer buys less Pepsi.
b. shift to a higher indifference curve so that the consumer buys more Pepsi.
c. movement along the indifference curve so that the consumer buys more Pepsi.
d. movement along the indifference curve so that the consumer buys less Pepsi.
d
Economics
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The most populous state in the U.S. is:
a. Illinois b. California c. Michigan d. Georgia
Economics
Using Figure 1.7, we know the production of 10 units of soda and 2 units of pizza is 
A. undesirable. B. possible, but only if all resources were fully employed. C. impossible because we either do not have the resources or the technology. D. possible, but there would be unemployed resources.
Economics