If the Price of a Domino's Pizza Decreases While the Price

question 131

Multiple Choice

If the price of a Domino's pizza decreases while the price of a Pizza Hut pizza is unchanged, we expect the demand for Pizza Hut pizza to:

• A) increase as some consumers switch from Pizza Hut pizza to Domino's pizza.
• B) decrease as some consumers switch from Pizza Hut pizza to Domino's pizza.
• C) remain unchanged.
• D) change depending on what happens to the supply of Pizza Hut pizza.