A decrease in the price of pizza will shift the supply curve for pizza to the left

The market demand for wheat is Q = 100 - 2p + 1pb, where pb is the price of barley. The cross price elasticity of demand for wheat with respect to barley

A) cannot be calculated from just the information provided. B) is negative. C) suggests that wheat and barley are complements. D) equals 1.

The major similarity between a monopolist and a monopolistically competitive firm is that:

a. both are price takers. b. both face a horizontal demand curve. c. both are the sole producers of a particular good. d. both face a negatively sloped demand curve. e. both are affected by the decision of their rivals.