Suppose the market demand curve for pizza can be expressed as QD = 100 - 2P + 3Pb, where QD is the quantity of pizza demanded, P is the price of pizza, and Pb is the price of a burrito. What is the relationship between burritos and pizza, from the point of view of consumers?
A) They are independent.
B) They are complements.
C) They are substitutes.
D) Not enough information to answer the question.
C
Economics
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The W = MRP ethic states that individuals are paid according to the value of their opportunity cost
Indicate whether the statement is true or false
Economics
Which of the following is a measure of economic growth that is most useful for comparing living standards?
A. Growth in nominal GDP B. Decreases in the rate of unemployment C. Increases in real GDP per capita D. Increases in real GDP
Economics