Which of the following is most likely to decrease supply in the market for pizza?
a. Popularity of pizza induces a greater number of fast food joints to include pizza in their menu.
b. Reports reveal that eating pizza increases the risk of stomach ulcers.
c. Cheese prices increase because price supports for dairy farmers are removed.
d. The price of burgers increases due an increase in the price of beef.
c
You might also like to view...
The above figure shows the U.S. market for 1 carat diamonds. The free trade, the price in the United States for diamonds is equal to ________ and with the quota illustrated in the figure, the price in the United States is equal to ________
A) $2,000; $4,000 B) $2,000; $3,000 C) $4,000; $3,000 D) $4,000; $2,000 E) $2,000; $2,000
Which of the following is likely to cause the supply curve for steel window frames to shift to the right?
A) A decrease in the cost of production of steel due to a new subsidy B) A fall in the number of steel window frame producers due to factory lockouts C) A rise in the market price of steel window frames due to an increase in demand D) An increase in the wages of labor working in steel firms due to demands by trade unions