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Author Question: Pizza is a normal good if the demand a. for pizza rises when income rises. b. for pizza rises when ... (Read 190 times)

ARLKQ

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on: Jun 30, 2018
Pizza is a normal good if the demand
 a. for pizza rises when income rises.
 b. for pizza rises when the price of pizza falls.
 c. curve for pizza slopes upward.
 d. curve for pizza shifts to the right when the price of burritos rises, assuming pizza and burritos are substitutes.

Question 2

If exports rose and imports fell,
 a. AD would decrease.
 b. AD would increase.
 c. AD would be unaffected.
 d. AD could either increase or decrease.


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AISCAMPING

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


ARLKQ

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

mochi09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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