Which of the following decreases the supply of restaurant meals?
A) Waiters get a pay raise.
B) Consumers' incomes increase and restaurant meals are a normal good.
C) Consumers' incomes decrease and restaurant meals are a normal good.
D) The price of movies, a complement to restaurant meals, falls.
A
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If Deluxe Fruits offers a $1.00 coupon for their fruit cups, this is an example of ________.
A) second-degree price discrimination B) first-degree price discrimination C) arbitrage D) market segmentation
The amount of a commodity that buyers in the market would like to purchase at a particular price is
a. equilibrium b. quantity supplied c. quantity produced d. infinite e. quantity demanded
Bob deposits $100 in a bank account that pays an annual interest rate of 5 percent. A year later, Bob withdraws his $105 . If inflation was 5 percent during the year the money was deposited, then Bob's purchasing power has not changed
a. True b. False Indicate whether the statement is true or false
A craft union is a labor organization that represents people with a particular skill.
Answer the following statement true (T) or false (F)