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.

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Definitions:

Soft Money

Political contributions made in such a way as to not be subject to federal regulations or limits, often channeled through political parties for "party-building" activities.

Candidate-Centered

Describes political campaigns and politics that focus more on the individual candidates, their characteristics, and issues rather than on party affiliation.

Political Campaigns

Organized efforts which seek to influence the decision-making process within a specific group, often related to elections where candidates seek public office.

Elite Democracy

A theory of democracy that limits the citizens' role to choosing among competing leaders, with decisions and policies then made by elected officials and other elites.