In the above figure, ________ will shift in the demand curve from D to D1
A) an increase in income if pizza is an inferior good
B) a decrease in the price of a sub sandwich, a substitute for pizza
C) buyers' expectation that pizza will be less expensive next week
D) a scientific article published that demonstrates eating pizza is good for one's health
E) a fall in the cost of producing pizza
D
You might also like to view...
Henry George thought that
A. landowners deserve the economic rent that their land holdings provide. B. a single tax on land equal to the unearned surplus that landowners receive would pay for all needed government. C. economic inefficiency would result from a tax on the unearned surplus that landowners receive annually. D. landowners bear most of the costs associated with economic growth.
A decrease in the number of dry cleaners in an area is represented by a(n):
A. downward movement along the dry cleaning supply curve. B. upward movement along the dry cleaning supply curve. C. leftward shift in the dry cleaning supply curve. D. rightward shift in the dry cleaning supply curve.
Marginal cost is equal to ________ when ________ is minimized.
A. average variable cost; average fixed cost B. average total cost; average variable cost C. average fixed cost; average fixed cost D. average variable cost; average variable cost
Refer to the data provided in Table 9.4 below to answer the question(s) that follow. Table 9.4qTFCTVCTCMCAVCATC0$100 $0$100 ---- -- 11004014040 40 140 21006016020 30 80 31009019030 30 63.334100124 224 343156 5100180 280 56 36 56 6100 264 364 84 44 60.677100 372 472 108 53.14 67.42Refer to Table 9.4. If the market price is $34 and the firm produces 4 units of output, then its profit would be
A. -$100. B. -$88. C. $0. D. $36.