Two months ago, the Maryville Shirt company sold 2000 shirts at $30 per shirt. Last month the company raised its price to $35 per shirt and sold 3000 shirts. Evidently the company experienced a(n):

The demand curve for a normal good shifts leftward if income ________ or the expected future price ________

A) decreases; falls B) decreases; rises C) increases; falls D) increases; rises

Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is $22, the firm will

A) shut down. B) leave the market in the long run. C) stay in the market in the long run. D) incur an economic loss.