The only goods you consume are pizza and soda. Both are normal goods. You consider pizza and soda to be substitutes. Which of the following will lead you to eat more pizza?
A) The price of a pizza falls.
B) The price of a soda falls.
C) The price of a soda rises.
D) Both answers A and C are correct.
D
Economics
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If the nominal interest rate is 7 percent and the inflation rate is 1 percent, the real interest rate is approximately
A) 7 percent. B) 6 percent. C) 8 percent. D) -6 percent.
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The first number in any ordered pair is
a. the x-coordinate. b. the y-coordinate. c. the vertical location of the point. d. the slope.
Economics