The Price of Pizza Falls Relative to the Price of Spaghetti,so

question 22

Multiple Choice

The price of pizza falls relative to the price of spaghetti,so people buy more pizza instead of spaghetti.This is an example of responding to:

• A) marginal science.
• B) incentives.
• C) disincentives.
• D) sunk benefit.

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Definitions:

Sale Price

The final amount at which a product or service is sold to consumers, after any discounts or adjustments.

Income Increase

A rise in the amount of money generated by an individual or organization, typically measured over a specific period of time.

Dividends in Arrears

Dividends on preferred shares that have not been paid in the timeframe originally scheduled.

Cumulative Preferred Stock

A type of preferred stock that entitles its holders to receive dividends that were missed in the past, before any dividends can be issued to common stockholders.