Examlex

Solved

-The Demand for Pizzas in a Large Town Is Written

question 104

Multiple Choice

  -The demand for pizzas in a large town is written as: Qd = 120 - 10P + 5Pb - 0.5Ps - 10Y,where Qd is the quantity demanded,P is the price,Pb is the price of burritos,Ps is the price of soft drinks sold in the pizza restaurants,and Y is personal income per month (in thousand dollars) .If there is a $1,000 increase in personal income,how will the Qd change? A)  increase by 10 B)  decrease by 10 C)  unchanged D)  not enough information provided
-The demand for pizzas in a large town is written as: Qd = 120 - 10P + 5Pb - 0.5Ps - 10Y,where Qd is the quantity demanded,P is the price,Pb is the price of burritos,Ps is the price of soft drinks sold in the pizza restaurants,and Y is personal income per month (in thousand dollars) .If there is a $1,000 increase in personal income,how will the Qd change?


Definitions:

Related Questions