In the Above Figure,________ Will Shift in the Demand Curve

question 236

Multiple Choice

In the above figure,________ will shift in the demand curve from D to D?.

• A) an increase in income if pizza is an inferior good
• B) a decrease in the price of a sub sandwich, a substitute for pizza
• C) buyers' expectation that pizza will be less expensive next week
• D) a scientific article published that demonstrates eating pizza is good for one's health
• E) a fall in the cost of producing pizza

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Definitions:

Specially Manufactured

Refers to goods that are custom-made to a buyer's specific requirements and specifications and are not easily sellable to others in the regular course of business.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by all parties involved, to be enforceable.

Oral Contract

An oral contract is an agreement between two or more parties that is spoken and not written down, yet is legally binding.

Convey the Deed

The act of transferring title of real property from one person or entity to another through a legal document.