Which of the following decreases supply in the market for pizza?
a. Pizza shop employees successfully organize a union and negotiate a pay increase.
b. Cheese prices drop because price supports for dairy farmers are removed.
c. Suppose that some hot sandwich shops can also produce pizzas, and consumer demand for hot sandwiches declines sharply, reducing the profitability of producing hot sandwiches.
d. The Surgeon General announces that eating pizza reduces the incidence of stomach cancer.
a
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The figure above shows the market for airline tickets. If airline tickets are a normal good, then the recession in 2008 that caused people's incomes to decrease led to a shift from
A) D0 to D1. B) D1 to D0. C) S0 to S1. D) S1 to S0.
Interest rate parity is more likely to hold in the short run than purchasing power parity
Indicate whether the statement is true or false
A normal good is one:
a. Which all people like b. For which demand increases when income increases c. For which demand increases when price decreases d. Which all normal people like
In the forex, the demand for dollars will decrease if:
A. interest rates are lower in the U.S. relative to interest rates abroad. B. foreigners wish to buy U.S. goods. C. interest rates are higher in the U.S. relative to interest rates abroad. D. foreigners wish to buy U.S. financial assets.