If the market is offering consumers the trade-off of 3 pints of Pepsi for 1 pizza, and if the price of a pizza is $9, then what is the price of a pint of Pepsi?
The price of a pint of Pepsi is $3.
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Seniors paying a lower price for tickets at movie theatres.
Answer the following statement(s) true (T) or false (F)
A temporary supply shock that raises prices
A) will cause the real interest rate to rise in the long run. B) has no long-run impact on inflation and output. C) causes output to fall in the long run. D) causes inflation to rise in the long run.
If the price of inputs falls and the budget deficit rises due to an increase in government spending, then the:
a. Price index falls, and real GDP rises. b. Price index falls, and real GDP falls. c. Price index falls and the change in real GDP is uncertain. d. Price index is uncertain, and real GDP rises. e. Price index is uncertain, and real GDP falls.
If the government cuts taxes, then it has undertaken:
A. both a policy change and a regime change. B. a policy change. C. a regime change. D. neither a policy change nor a regime change.