-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:

Stock Market

A marketplace where stocks (shares of ownership in businesses) are bought and sold, often indicating the general health of an economy.

Stocks

Shares of ownership in companies, traded on stock markets, that represent a claim on the company's assets and earnings.

Invest

To allocate resources, typically money, in the expectation of generating an income or profit.

Variance

A statistical measure that represents the dispersion of a dataset relative to its mean, indicating how spread out the data points are.