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Author Question: Suppose consumer tastes and preferences shift from pizza to tacos. In the short run case, these ... (Read 53 times)

nenivikky

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on: Jun 30, 2018
Suppose consumer tastes and preferences shift from pizza to tacos. In the short run case, these changing tastes will result in pizza restaurants ________ pizza prices and taco restaurants ________ taco prices.
 
  A) decreasing; increasing B) decreasing; decreasing
  C) increasing; increasing D) increasing; decreasing

Question 2

A change in the quantity demanded of a product is the result of a change in
 
  A) consumer income. B) the price of the product.
  C) the cost of producing the product. D) the price of related goods.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Natalie4ever

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

A

Answer to Question 2

B


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