Joe has $50, which he spends on movies and pizza. If the price of a pizza falls, Joe can
A) consume more of both goods.
B) consume more pizza only if he gives up some movies.
C) consume more movies only if he gives up some pizza.
D) consume more pizza only.
A
Economics
You might also like to view...
If the American Medical Association lobbied successfully to eliminate licensing laws for physicians,
a. physicians' salaries would increase b. the supply curve of physicians would shift to the left c. physicians' salaries would decrease d. the supply curve of physicians would become more inelastic e. the supply curve of physicians would become more elastic
Economics
Which of the following is the closest example of a perfectly competitive industry?
A. cigarettes B. casual dining restaurants C. alfalfa D. convenience stores
Economics