Suppose John spends all income on video games and pizza. Suppose the price of video game decreases and John's income increases. Which of the following must be true? O The amount of pizza that John can purchase decreases. O The amount of video games that John can purchase decreases. The amount of video games that John can purchase decreases and the amount of pizza that John can purchase increases. O The amounts of video games and pizza that John can purchase increase.
Suppose John spends all income on video games and pizza. Suppose the price of video game decreases and John's income increases. Which of the following must be true? O The amount of pizza that John can purchase decreases. O The amount of video games that John can purchase decreases. The amount of video games that John can purchase decreases and the amount of pizza that John can purchase increases. O The amounts of video games and pizza that John can purchase increase.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 4SCQ: As a college student you work at a part-time job, but your parents also send you a monthly...
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