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Author Question: Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists ... (Read 253 times)

Kthamas

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on: Jun 30, 2018
Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists would expect:
 a. Andy's demand for pizza to increase.
 b. Andy's demand for pizza to decrease.
 c. Andy's quantity of pizza demanded to decrease.
  d. Andy's demand for beer to increase.

Question 2

Both positive nor negative supply shocks
 a. Change AD.
 b. Permanently change real output in an economy.
  c. Change the price level in the long run.
 d. None of the above are true


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taylorsonier

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

d

Answer to Question 2

c


Kthamas

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

JaynaD87

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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