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.

---

Definitions:

Fiduciaries

Individuals or organizations entrusted to manage assets or decisions for another party, often with a legal obligation to act in the latter's best interest.

Principals

The main parties involved in a transaction or contract, including those who have the authority to make decisions and agreements.

Employers

Employers are individuals or organizations that hire and pay people to work for them, providing compensation in the form of wages or salary in exchange for their labor or services.

Principal Awareness

The knowledge or understanding attributed to a principal party, typically in the context of legal liability or agreements.