When the Price of a Pizza Decreases from $12 to $10

question 489

Multiple Choice

When the price of a pizza decreases from $12 to $10, it is definitely the case that the

• A) income effect means people buy less pizza.
• B) substitution effect means people buy more pizza.
• C) quantity demanded of pizza will not change.
• D) None of the above answers is correct.

---

Definitions:

Political Bosses

Influential leaders who control work, benefits, and political appointments within a party's organizational structure, often using their power for personal gain.

American Bar Association

A professional organization of lawyers established to set academic standards for law schools and to formulate ethical codes within the legal profession.

National Consumers League

An American organization founded in 1899 that advocates for consumer rights, fair labor practices, and public health.

Electorate Loyalty

The allegiance or faithful adherence of voters to a particular political party or candidate.