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

Economics

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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.

Economics

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.

Economics

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

Economics

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.

Economics