Price (dollars per pizza) S S2 9. Quantity (millions of pizzas per year) In the above figure, the movement from point a to point b reflects J A) an increase in the price of pizza. B) an increase in the number of producers of pizza. C) an increase in the supply of pizza. D) a decrease in income if pizza is a normal good. E) a decrease in the cost of the tomato sauce used to produce pizza.

Price (dollars per pizza) S S2 9. Quantity (millions of pizzas per year) In the above figure, the movement from point a to point b reflects J A) an increase in the price of pizza. B) an increase in the number of producers of pizza. C) an increase in the supply of pizza. D) a decrease in income if pizza is a normal good. E) a decrease in the cost of the tomato sauce used to produce pizza.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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