In the Above Figure, the Movement from Point a to Point

question 50

Multiple Choice

In the above figure, the movement from point a to point b reflects

• A) an increase in the number of producers of pizza.
• B) a decrease in the cost of the tomato sauce used to produce pizza.
• C) a decrease in income if pizza is a normal good.
• D) an increase in the supply of pizza.
• E) an increase in the price of pizza.

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Definitions:

Specific Rate

A particular or fixed rate that applies to a specific condition or circumstance, often used in finance and taxation.

Negotiable

Capable of being discussed and altered or the property of an instrument (like a check) to be legally transferable to another person.

Payable In

A term indicating the form of payment that is accepted or required, typically referring to currency type or method of payment.

Dodge Dart

A model of compact car produced by the American automobile manufacturer Dodge, known for its sporty design and performance.