If the costs of producing pizza increase, which will occur?
A) The supply of pizza will decrease.
B) The demand curve for pizza will shift leftward when the price of a pizza increases.
C) Pizza will cease to be produced and sold.
D) The quantity of pizzas supplied will increase as sellers try to cover their costs.
E) The demand curve for pizza will shift rightward when the price of a pizza increases.
A
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________ is a period of falling prices of goods and services in an economy
Fill in the blank(s) with correct word
Is a single-price monopoly efficient?
A) Yes, because it creates a deadweight loss. B) No, because it creates a deadweight loss. C) Yes, because consumers gain and producers lose some of their surpluses. D) Yes, because consumers lose and producers gain some of their surpluses. E) Yes, because it produces the quantity at which MR = MC.