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:

Income Statement

A financial statement that reports a company's financial performance over a specific period of time, detailing revenues, expenses, and profits or losses.

Ratio Analysis

A financial analysis method that involves calculating and interpreting financial ratios from statements to assess a company's performance, liquidity, efficiency, and profitability.

Marketability

Marketability refers to the ease with which a product or service can be sold or marketed to customers.

Price-Earnings Ratio

A valuation metric that measures a company's current share price relative to its per-share earnings, used to gauge if a stock is under or over-valued.