Pizza Is a Normal Good If the Demand

question 154

Multiple Choice

Pizza is a normal good if the demand

• A)for pizza rises when income rises.
• B)for pizza rises when the price of pizza falls.
• C)curve for pizza slopes upward.
• D)curve for pizza shifts to the right when the price of burritos rises, assuming pizza and burritos are substitutes.

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Definitions:

Thomas Edison

An American inventor and businessman known for developing many devices that greatly influenced life around the world, including the phonograph and the electric light bulb.

Knights of Labor

A leading American labor organization in the 19th century that advocated for the rights of workers, including promoting an eight-hour work day and the abolition of child labor.

Terence Powderly

An American labor union leader who served as head of the Knights of Labor in the late 19th century, promoting workers' rights and the eight-hour workday.

Judicial Protection

The safeguarding of rights and freedoms of individuals and entities by the judiciary, ensuring legal protection against violations.