If Pizza Is a Normal Good, Then an Increase in Peopleʹs

question 92

Multiple Choice

If pizza is a normal good, then an increase in peopleʹs incomes shifts the _________curve________ .

• A) supply; rightward
• B) demand; leftward
• C) supply; leftward
• D) demand; rightward

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Definitions:

Selling Price

The charge or fee extended to the purchaser for a product or service, typically aiming to cover costs and generate profit.

Advertising Budget

The amount of money allocated for promoting a product, service, or brand during a specific period.

Break-even

A position where overall costs and revenues balance out, culminating in zero net profit or loss.

Monthly Unit Sales

The total number of units of product sold in a month, often used to monitor sales trends and performance.