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Author Question: If the price of pizza increases, the quantity of pizza demanded will fall because some consumers ... (Read 76 times)

nramada

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If the price of pizza increases, the quantity of pizza demanded will fall because some consumers will switch to tacos, hamburgers, or submarine sanwiches. This is called the:
 a. income effect
 b. the alternative effect
 c. the substitution effect
  d. the normal good effect

Question 2

Restrictions on the types of food additives that breakfast cereal manufacturers can use is an example of a social regulation.
 a. True
  b. False
  Indicate whether the statement is true or false



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ASDFGJLO

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Answer to Question 1

c

Answer to Question 2

True




nramada

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


brbarasa

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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