Exhibit 3-3 Demand curves
Which of the graphs in Exhibit 3-3 depicts the effect of a decrease in the price of pizza on the demand curve for pizza?

A. Graph A.
B. Graph B
C. Graph C.
D. Graph D.


Answer: B

Economics

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In the figure above, what is the equilibrium price and quantity?

What will be an ideal response?

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An increase in the equilibrium quantity of good X can be caused by

A) an increase the price of inputs utilized in producing good X. B) an increase in the price of good X. C) a technological improvement in the process of producing good X. D) a reduction in the number of producers of good X.

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The smaller the reserve ratio the:

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Economics