Price Per PizzaQuantity Demanded$0500$5200$1075 Refer to the table, which shows part of the weekly demand schedule for pizza in a certain town. If one were to plot these three points on a graph, what would the result be?
A. A downward-sloping demand curve
B. An upward-sloping supply curve
C. A downward-sloping supply curve
D. An upward-sloping demand curve
Answer: A
You might also like to view...
The market supply of labor curve has a positive slope if higher wages induce households to choose
A) leisure rather than supplying labor in the labor market. B) supplying labor in the labor market rather than leisure. C) demanding labor rather than supplying it. D) None of the above answers is correct.
If the Federal Reserve wants to lower the federal funds rate, it should
A) increase reserve requirements. B) announce a lower rate. C) request a lower rate. D) purchase government securities.
Political freedom seems to be ________ important to growth than economic freedom
A) less B) more C) equally D) critically
After hiring a new employee, a manager finds that the total output has increased. When the manager hires another employee however, he realizes that although the total production has increased, the increment is less than the previous case. This is the result of:
a. diseconomies of scale. b. a general economic downturn. c. diminishing marginal returns. d. the lack of skills of the two new employees. e. constant returns to scale.