The only goods you consume are pizza and soda. Both are normal goods. For you, pizza and soda are substitutes. Which of the following leads you to buy more of both goods?

A) The price of a pizza falls.
B) The price of a soda falls.
C) Your income increases.
D) Both answers A and B are correct.

C

Economics

You might also like to view...

Campaign speeches normally include normative economic statements

a. True b. False Indicate whether the statement is true or false

Economics

The total physical product increases initially at an increasing rate, and then, because of the law of diminishing returns, at a decreasing rate

Indicate whether the statement is true or false

Economics