In a Simple Model of the Supply and Demand for Pizza

question 6

Multiple Choice

In a simple model of the supply and demand for pizza, the endogenous variables are:

• A) the price of pizza and the price of cheese.
• B) aggregate income and the quantity of pizza sold.
• C) aggregate income and the price of cheese.
• D) the price of pizza and the quantity of pizza sold.

---

Definitions:

Federal Government

The central government of a federation, which holds authority over matters not delegated to constituent regions or states, responsible for national policies and governance.

Progressive-Era Immigration

The period from the late 19th century to the early 20th century characterized by high levels of immigration to the United States, prompting significant social, political, and economic changes.

Industrial Expansion

The increase in industrial activity, typically characterized by the growth of manufacturing output and the development of new technologies, leading to economic growth.

Socialist Party

A political party advocating for socialism, which includes the belief in social ownership, democratic control of the means of production, and the political ideology focused on social equality.