Which of the Following Decreases the Supply of Restaurant Meals

question 21

Multiple Choice

Which of the following decreases the supply of restaurant meals?

• A) Waiters get a pay raise.
• B) Consumers' incomes increase and restaurant meals are a normal good.
• C) Consumers' incomes decrease and restaurant meals are a normal good.
• D) The price of movies, a complement to restaurant meals, falls.

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Definitions:

Common Law

Common law refers to a legal system in which judicial decisions set precedent and guide the interpretation and application of law, as opposed to written statutes or codes.

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, including sales of goods, secured transactions, and negotiable instruments, in the United States.

National Conference

A large-scale meeting or seminar that brings together participants from across the nation to discuss specific topics or issues.

American Law Institute

An independent organization in the United States that produces scholarly work to clarify, modernize, and improve the law.