Assume the price of pizza decreases. As a result, your real income increases and you increase the quantity of pizza purchased each month. This is an example of the:

A movement along the demand curve for automobiles is caused by a change in:

a. the price of automobiles. b. the price of gasoline. c. the price of steel. d. consumers' incomes.

The excess capacity theorem states that society would clearly benefit from a reduction in the number of monopolistic competitors.

Answer the following statement true (T) or false (F)