This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the price of a pizza decreases from 14 to 12 A) the income effect means people buy less ... (Read 65 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
When the price of a pizza decreases from 14 to 12
 
  A) the income effect means people buy less pizza.
  B) the income effect points out that the total purchasing power of people who buy pizza increases.
  C) the income effect means that the demand for pizza will not change.
  D) None of the above answers is correct.

Question 2

An increase in the money wage rate
 
  A) increases the long-run aggregate supply.
  B) decreases the long-run aggregate supply.
  C) increases the short-run aggregate supply.
  D) decreases the short-run aggregate supply.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ms_sulzle

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
:D TYSM

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

The greenhouse effect. The greenhouse effect.
A sphere represented by means of modeling. A sphere represented by means of modeling.
Doppler Effect, Observer Moving Doppler Effect, Observer Moving
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
The First-Pass Effect The First-Pass Effect
The effect of selection on allele frequency The effect of selection on allele frequency
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library