Peter's Pizzeria sells both pizzas and wings. It wants to increase the sales of its pizzas. If it decides to increase the price of the wings, it is assuming that
a. the pizza and the wings are substitutes
b. the pizza and the wings are complements
c. the pizza and the wings are unrelated in demands
d. it cannot increase the sales of its pizzas
a
Economics
You might also like to view...
What is the relationship between actual and potential real GDP?
What will be an ideal response?
Economics
The market for maple syrup is perfectly competitive. Suppose that the market is in long-run equilibrium when the market demand for maple syrup increases. After the demand increases, a typical firm will
A) make zero economic profit. B) make an economic profit. C) incur an economic loss. D) exit the market.
Economics