-Pizza Is a Normal Good

question 58

Multiple Choice

-Pizza is a normal good.In the above figure,the shift in the demand curve from D to D? can be the result of

• A) a decrease in the price of soda, a complement to pizza.
• B) an increase in the price of hamburgers, a substitute for pizza.
• C) a decrease in income.
• D) a study that shows that pizza is a very healthy food.
• E) an increase in the cost of producing pizza.

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Definitions:

Available Capacity

The amount of production capability or service availability that can be provided over a certain period of time.

Multiple Products

The strategy or situation of offering or managing a variety of different products instead of focusing on a single offering.

Postponement

A supply chain strategy that delays product customization or final assembly until customer orders are received, to reduce inventory costs and increase flexibility.

Uncertainty

A situation in which there is a lack of complete certainty about future events or outcomes, often leading to variability in performance or decision-making.