Use the Figure Below to Answer the Following Questions

question 127

Multiple Choice

Use the figure below to answer the following questions. Figure 3.2.2
-Refer to Figure 3.2.2.If consumers' income increases,

• A)the quantity of pizzas demanded increases.
• B)the demand curve for pizzas shifts from D₁ to D₂ if a pizza is a normal good.
• C)the supply of pizzas increases.
• D)the quantity of pizzas supplied decreases.
• E)a movement from point A to point B on D₁ occurs.

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Definitions:

Slightest Defect

Refers to the minimum imperfection or fault in something that can lead to legal liability or the rejection of a product or service.

Destroy

The act of causing something to cease to exist or to become inoperative or unserviceable.

Replacement Shipment

Sending out a new or additional shipment to replace defective or missing products originally dispatched.

Commercial Unit(s)

A standard of measure, quantity, or grade of goods that is treated as a whole for commercial purposes, especially in sale or lease transactions.