« previous next »

Author Question: Suppose the price of soda is 2 each and the price of a pizza slice is 4 each. David maximizes his ... (Read 74 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 29, 2018
Suppose the price of soda is 2 each and the price of a pizza slice is 4 each. David maximizes his utility by buying only sodas and pizza. He buys 5 sodas and 10 slices of pizza. If the price of a soda increases to 3 each, David will
 
  A) decrease the number of sodas bought and the demand curve for sodas will shift leftward.
  B) decrease the number of sodas bought and move along the demand curve for soda.
  C) buy more pizza and move along the demand curve for pizza.
  D) buy less pizza and the demand curve for pizza will shift leftward.

Question 2

Individual economic decisions are coordinated by
 
  A) markets through adjustments in sales levels.
  B) markets through adjustments in prices.
  C) government through adjustments in sales taxes.
  D) government through adjustments in income taxes.


CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

David Baltimore David Baltimore
David Suzuki David Suzuki
David Usher - Black Black Heart David Usher - Black Black Heart
Do you know how many calories are in your chips-and-soda “study snack”? Do you know how many calories are in your chips-and-soda “study snack”?
Pizza and eating disorders can be life threatening Pizza and eating disorders can be life threatening
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library