Suppose that both groups of students are on the right track, and each of the events described above are partially responsible for the decrease in the price of pizzas. Based on your analysis of the explanations offered by the two groups of students, how would you determine which of the possible causes was the dominant cause of the decrease in the price of pizza? 1. Whichever change occured first must have been the primary cause of the change in the price of pizzas 2. If the equilibrium quantity of pizzas increases, then the demand shift in the market for pizzas must have been larger than the supply shift. 3. if the equilibrium quantity of pizzas increase, then the supply shift in the market for pizzas must have been larger than the demand shift. 4. If the price decrease was large, then the supply shift in the martket for pizzas must have been larger than the demand shift
Suppose that both groups of students are on the right track, and each of the events described above are
partially responsible for the decrease in the
offered by the two groups of students, how would you determine which of the possible causes was the
dominant cause of the decrease in the price of pizza? 1. Whichever change occured first must have been
the primary cause of the change in the price of pizzas 2. If the
then the
equilibrium quantity of pizzas increase, then the supply shift in the market for pizzas must have been
larger than the demand shift. 4. If the price decrease was large, then the supply shift in the martket for
pizzas must have been larger than the demand shift
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